Author Topic: AMD to cut 1,400 workers, new CEO's first big move  (Read 1564 times)

Offline walkstall

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AMD to cut 1,400 workers, new CEO's first big move
« on: November 05, 2011, 09:13:19 PM »
AMD  microprocessors are on three of my computers. Each are stand alone computers and not used on the net. 
 
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SAN FRANCISCO — Advanced Micro Devices Inc. is cutting some 1,400 workers as a weak computer market and manufacturing delays have hurt the world's second-biggest maker of microprocessors for PCs.
 
The layoffs announced Thursday amount to about 12 percent of the company's 12,000 workers and are the first big move by AMD's new CEO, Rory Read, who was hired from Lenovo Group in August. The cuts will unfold over the next five months.
 
 
more @
http://xfinity.comcast.net/articles/news-technology/20111103/US.AMD.Job.Cuts/
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Offline Dan

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Re: AMD to cut 1,400 workers, new CEO's first big move
« Reply #1 on: November 06, 2011, 02:37:24 AM »
A buddy of mine from high school was oj their product design team for years.

AMD is just poorly positioned for future demand. I would not buy this stock.
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