Today's Hard|Forum Post
Today's Hard|Forum Post

Saturday November 17, 2012

AMD Prepares for January Reorganization

AMD is making preparations for another round of layoffs in January as part of the company’s corporate-wide reorganization. The first round of job cuts affected 15% of AMD’s workforce, but this upcoming round is reported to be much smaller in scope.

AMD took pains, both in external and internal statements, to dispute the notion that a sale is possible in the days and hours after the report. Hours after the Reuters story on Tuesday, AMD issued a carefully worded statement saying that it is "not actively pursuing a sale of the company or significant assets at this time."