AMD to Cut 5% of Workforce

Page 4 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
Toggle sidebar Toggle sidebar
RampantAndroid

RampantAndroid

Diamond Member
Jun 27, 2004
6,591
3
81
Exophase said:
What kind of industry did this apply to? A lot of overhead doesn't scale linearly or at all with salary so that factor will go down with higher paid jobs.
Click to expand...

This is what I've been told as well - software engineer here.

myocardia said:
Not really. $30-40k/year employees don't get expense accounts, nor do they get a Porsche/Mercedes/Lexus leased for them, along with the expenses associated, like having to insure said car, along with mileage and repair charges, et al. Most companies also pay for up to a certain amount of fuel per week/month as well.
Click to expand...

OK? I'm not a 40k employee, and I get no car...if I worked from home most of the time they might pay for my internet but that's it...
 
M

mrmt

Diamond Member
Aug 18, 2012
3,974
0
76
This BoD is a joke, they raise the paychecks of the executives wrecking the company, but at the same time they must resort to more personnel cuts in order to fund it.
 
Ketchup

Ketchup

Elite Member
Sep 1, 2002
14,559
248
106
I laughed when I read the OP. 5% (who will still be paid for another year). Even AMD thinks there is something just around the corner, lol.
 
J

jpiniero

Lifer
Oct 1, 2010
17,141
7,527
136
MiddleOfTheRoad said:
Agreed -- a structured bankruptcy would clear a lot of debt that is weighing them down.
Click to expand...

They would lose the x86 license, the current shares would be worthless (not that they aren't already...) and most of all, the AMD BoD would be pushed out! Can't have that. It's pretty obvious that the board knows that AMD is screwed and are trying to suck as much out of it as they can while they are still employed.
 
ShintaiDK

ShintaiDK

Lifer
Apr 22, 2012
20,378
146
106
Fjodor2001 said:
Yup, and it should have happened imminently for the last 20 years, except it has actually never materialized. Weird, right?
Click to expand...

Instead of being so busy with your obvious agenda. You should read up what a bankruptcy can do of positive things for a company. A chapter 11 can be used as a strategic tool to get rid of all the unwanted parts, including contracts(WSA etc) and obligations. And make sure you get some more favourable deals on debt.

https://en.wikipedia.org/wiki/Chapt...es_Code#Features_of_Chapter_11_reorganization
 
ShintaiDK

ShintaiDK

Lifer
Apr 22, 2012
20,378
146
106
jpiniero said:
They would lose the x86 license, the current shares would be worthless (not that they aren't already...) and most of all, the AMD BoD would be pushed out! Can't have that. It's pretty obvious that the board knows that AMD is screwed and are trying to suck as much out of it as they can while they are still employed.
Click to expand...

They wouldnt lose the x86 under a restructuring. But yes, the BoD would be gone. And that's most likely why it didn't happen yet.
 
F

Fjodor2001

Diamond Member
Feb 6, 2010
4,554
727
126
ShintaiDK said:
Instead of being so busy with your obvious agenda. You should read up what a bankruptcy can do of positive things for a company. A chapter 11 can be used as a strategic tool to get rid of all the unwanted parts, including contracts(WSA etc) and obligations. And make sure you get some more favourable deals on debt.

https://en.wikipedia.org/wiki/Chapt...es_Code#Features_of_Chapter_11_reorganization
Click to expand...

I know what it can do. Get rid of debts and what not. But they'd also lose their x86 license IIRC. So the end result would not be so good for consumers wanting more competition in the x86 CPU arena.

Anyway, the point I'm was making is that some have been predicting AMDs imminent demise for so long, yet it never happens. So it's getting a bit tiresome to hear that over and over again. If it will happen it will happen. But it's kind of boring to hear the same people speculating about that it's going to happen "any day now" continuously for 20 years.
 
J

jpiniero

Lifer
Oct 1, 2010
17,141
7,527
136
ShintaiDK said:
They wouldnt lose the x86 under a restructuring.
Click to expand...

They do, it's the same fallout as if they were to get bought. Intel made sure that was in the agreement to ensure nobody could just buy the license in a bankruptcy court.
 
ShintaiDK

ShintaiDK

Lifer
Apr 22, 2012
20,378
146
106
jpiniero said:
They do, it's the same fallout as if they were to get bought. Intel made sure that was in the agreement to ensure nobody could just buy the license in a bankruptcy court.
Click to expand...

That would be change of ownership. As long as AMD is under a Chapter 11 restructuring they will keep it.
 
ShintaiDK

ShintaiDK

Lifer
Apr 22, 2012
20,378
146
106
Fjodor2001 said:
I know what it can do. Get rid of debts and what not. But they'd also lose their x86 license IIRC. So the end result would not be so good for consumers wanting more competition in the x86 CPU arena.

Anyway, the point I'm was making is that some have been predicting AMDs imminent demise for so long, yet it never happens. So it's getting a bit tiresome to hear that over and over again. If it will happen it will happen. But it's kind of boring to hear the same people speculating about that it's going to happen "any day now" continuously for 20 years.
Click to expand...

VIAs demise never happen too. But we all pretty much consider it dead as such. You are trying to argue over semantics.
 
Phynaz

Phynaz

Lifer
Mar 13, 2006
10,140
819
126
Fjodor2001 said:
I know what it can do. Get rid of debts and what not. But they'd also lose their x86 license IIRC. So the end result would not be so good for consumers wanting more competition in the x86 CPU arena.

Anyway, the point I'm was making is that some have been predicting AMDs imminent demise for so long, yet it never happens. So it's getting a bit tiresome to hear that over and over again. If it will happen it will happen. But it's kind of boring to hear the same people speculating about that it's going to happen "any day now" continuously for 20 years.
Click to expand...

Name the last company that cut itself to properity.

Do we really need to go over AMDs deteriorating financial condition again?

https://ycharts.com/companies/AMD/net_income_ttm
 
superstition

superstition

Platinum Member
Feb 2, 2008
2,219
221
101
ShintaiDK said:
That is true. But I consider both equally as irrelevant.
Click to expand...

Then you're not being rational.

AMD's GPUs are still quite competitive, particularly if one looks at the drastic DX12 performance increase for Hawaii shows in Ashes.
 
superstition

superstition

Platinum Member
Feb 2, 2008
2,219
221
101
ShintaiDK said:
Wrong sub forum.
Click to expand...

Hardly. You're talking about the entire company.

Plus, AMD's APUs are obviously much more relevant than anything that VIA has produced in many years. Why didn't HP put VIA chips in its latest notebooks?

How many major video game consoles are running VIA Eden CPUs?

lol
 
M

mrmt

Diamond Member
Aug 18, 2012
3,974
0
76
Fjodor2001 said:
Anyway, the point I'm was making is that some have been predicting AMDs imminent demise for so long, yet it never happens. So it's getting a bit tiresome to hear that over and over again. If it will happen it will happen. But it's kind of boring to hear the same people speculating about that it's going to happen "any day now" continuously for 20 years.
Click to expand...

What kind of difference does AMD make in its current form? It doesn't press Intel to compete, neither pushes Intel prices down (It's Intel pushing AMD prices down big time), it doesn't develop relevant technology and it doesn't develop new markets. And since it doesn't generate money for its shareholders AMD is basically purposeless, a kind of TWD zombie company waiting for the grim reaper to end its suffering.
 
You must log in or register to reply here.

TRENDING THREADS

COMPANY
RESOURCES
FOLLOW
Top Bottom