Feeds

AMD will cut 10 per cent of global workforce

Decimation by Q3 or bust

3 Big data security analytics techniques

AMD plans to cut 10 per cent of its workforce over the next two quarters, after suffering lower-than-expected sales across all business units, the company said today.

The chipmaker revealed the flesh shedding, which will affect more than 1,600 people, in an update to its first quarter outlook, which AMD will detail on April 17.

AMD expects revenue to come in at $1.5bn, a 22 per cent increase year-over-year, and 15 per cent decrease compared with the previous quarter.

Late last month, a rumors began circulating that AMD already cut 5 per cent of its workforce in light of the gloomy quarter. AMD had denied the claim, and at the time refused to comment on any impeding layoffs.

AMD spokesperson Drew Prairie confirmed today that the layoffs have not yet begun, although they'll start beginning mid-April and ending in the third quarter 2008. He said the reduction will span all groups and levels across the company's global operations.

Prairie said there were cost structures that needed to be reduced due to low revenue expectations. He said AMD's lineup for the upcoming year, however, has great potential for revenue gains. Who would have guessed?

AMD shot itself in the foot by failing to push out a four-core version of its Opteron chip on schedule. This delay allowed Intel to regain market share with server processor sales.

The upcoming year is almost certainly do-or-die for AMD CEO Hector Ruiz, who stated he expects the company to return to an operating profit in the third quarter of this year. It would appear his master plan has been revealed. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.