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AMD CEO wants substancial job cuts

Discussion in 'Frontpage news' started by Guru3D News, Nov 4, 2011.

  1. Guru3D News

    Guru3D News Ancient Guru

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    TechEye claims AMD's new CEO Rory Read hopes to turn the tide via a total restructuring and making some of the most substantial cuts to staff that the firm has seen. Determined to make his mark on...

    More...
     
  2. orion24

    orion24 Master Guru

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    Don't sound so surprised
     
  3. Redawgc187

    Redawgc187 Master Guru

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  4. WhiteLightning

    WhiteLightning Don Illuminati Staff Member

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    Ill bet if they would cut the CEO's salary in half, many jobs could be saved.
     

  5. Redawgc187

    Redawgc187 Master Guru

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    Totally agree:nerd:
     
  6. The Chubu

    The Chubu Ancient Guru

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    Just like in every other company...
     
  7. Pilgrim1942

    Pilgrim1942 Master Guru

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    Ultimately the buck for the Bulldozer mess must stop on the CEO's desk! ;)
    Will he be declaring himself redundant for starters, before sacking any other luckless individuals? :)
     
  8. Zboe

    Zboe Master Guru

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    You realize that this is the new CEO right?
     
  9. BLEH!

    BLEH! Ancient Guru

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    Hopefully he'll get rid of those responsible for the trainwreck that is Bulldozer, get some fresh blood and new idea(l)s in there, such as designing chips by hand, like intel do.
     
  10. Zboe

    Zboe Master Guru

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    He's trying but you got bleeding hearts crying about jobs. If you **** up then you should get fired. That's how it's supposed to work.
     

  11. Ish

    Ish Master Guru

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    One thing we can all agree on is that AMD must remain competitive with Intel.
     
  12. IPlayNaked

    IPlayNaked Banned

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    That's stupid, the CEO makes a million a year, the layoffs aim to save AMD 200 million a year. You tell me how many jobs that means 500k could save. 2? Maybe 2 jobs.

    Meanwhile, AMD's actually turned a profit a couple quarters in a row. Something they hadn't done for a long time before it.

    So worried about the terrible greed of the company and the executives and don't realize that if you don't find a way to cut costs to where they should be, no one will have a job anymore. Would you rather AMD cut 10% now, and try to save the rest? Or cut 50-100% later once its too late.
     
  13. Renegade8100

    Renegade8100 Ancient Guru

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    bravo sir, bravo. the issue is tending to investors. buying and selling stock based on perceived value with money of a perceived value with a company output of product sold at a perceived value.
     
  14. PhazeDelta1

    PhazeDelta1 Moderator Staff Member

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    their profits may be up, but you can clearly see their market cap has gone down over the previous quarter. which leads me to believe some investors have already jumped ship.
     
  15. sykozis

    sykozis Ancient Guru

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  16. mandex

    mandex Master Guru

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    500k/12 = 41,6k per month. So you are saying that a normal salary is 20k per month in the USA?

    And so what, imo is far from moral someone in a gold pedestral throwing people away because there isn't enought diamonds.

    To reestructure an enterprise you should check man by man, not doing decisions like 'i need 10% less'. Those top down decision are really bad for the employees, commitment may go down and with it productivity.
     
  17. Neo Cyrus

    Neo Cyrus Ancient Guru

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    Step one towards recovering is firing the Bulldozer and Catalyst teams.
     
  18. BlackZero

    BlackZero Ancient Guru

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    It's clearly (as always) just a show for the investors as internally everyone knows what's going on and who is really to blame and should be sacked, though IIRC the person incharge of the Bulldozer project conveneintly stepped aside just before launch.
     
  19. Neo Cyrus

    Neo Cyrus Ancient Guru

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    I hope he stepped aside into prison, because that man is clearly a heinous criminal.
     
  20. WhiteLightning

    WhiteLightning Don Illuminati Staff Member

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    dont think catalyst teams will be fired, as driver problems are user error LMAO
     

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