December 16, 2008

Rumor: AMD may reduce workforce again in January 2009

Filed under: AMD,Technology,US — DF @ 4:04 pm
Tags: , ,

According to rumors from DigiTimes: “With demand dropping in the PC market due to a worsening global economy, market sources indicated that AMD may lay off an additional 10% of their global workforce of around 15,000 employees in January 2009.

AMD responded by stating it does not comment on rumors and market speculation.

According to the market sources, the layoffs would mainly take place in AMD’s manufacturing business, while some administrative positions may also be cut.

AMD indicated in April that it would be laying off about 10% of its 16,500 employees. Then in November, the company announced another 3% cut, representing a cut of about 500 employees.

AMD trimmed its fourth quarter financial report and the company now expects its fourth quarter sales to be approximately 25% lower than its third quarter revenues of US$1.585 billion. The decline is due to weaker-than expected demand across all geographies and businesses, particularly in the consumer market, AMD noted.”

Confirmed (Update: 12-30-2008): AMD to layoff additional 100 employees

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