even with Intel doing virtually all their R&D... 0bama strikes again
Posted on 10/26/2012 7:21:46 PM PDT by advance_copy
Chip company Advanced Micro Devices on Thursday said it would lay off 15% of its workforce as it tries to inch back to profitability at a time when the PC market is slumping.
The company will lay off close to 1,800 of its 11,813 employees. The layoffs would be completed in the fourth quarter of this year.
The company will also shut down offices as part of the larger restructuring effort. AMD hopes to save $20 million in the fourth quarter and approximately $190 million in fiscal 2013 as a result of the restructuring effort.
"The PC industry is going through a period of very significant change that is impacting both the ecosystem and AMD," said CEO Rory Read in a statement.
(Excerpt) Read more at computerworld.com ...
ernest, you have any thoughts on this?
We The People intend to layoff hundreds in our White House and in the US Congress.
I have first-hand insight into this.
Mix two parts ARM chip / mobile device user migration....
...with one part Global Foundries (and TSMC for that matter) falling behind Intel in chip fab...
...with one part making bad architectural choices when moving to Bulldozer...
...with one part Intel technically excelling....
...with 2 parts losing key engineers and replacing them with H1B sub-par replacements...
...with 2 parts upper and mid-level manager remoteness...
...and you get where AMD is now.
even with Intel doing virtually all their R&D... 0bama strikes again
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