More layoffs at AMD expected by January

AMD could be cutting its staff back even more within the next two months, according to AllThingsD.

After already sustaining a major round of layoffs recently, AMD workers likely need to prepare themselves for another hit soon.

Citing unnamed but "multiple" sources, AllThingsD reported on Friday that the chipmaker is facing even more job cuts, which are expected to take place by the end of January 2013.

Some employees are being quietly told by managers that they will lose their jobs in January, but are being kept around for the moment as insurance against the possibility of other key people quitting before then, one source told me.

Another source told me that it’s an open secret around the corridors of AMD’s offices in Sunnyvale, Calif., and Austin, Texas, that another round of job cuts are coming. "The thinking is that management needs to get a few things right that they didn’t in the last round of layoffs," one source told me.

In October, AMD already braced itself for large dent to its workforce, with initial reports suggesting almost 20 to 30 percent of its global staff would be cut.

That figure ended up being closer to 15 percent, but it was still a significant reduction for the processor company, nonetheless.

This time around, there isn't a projected forecast yet as to how many employees might have to go. Regardless, AMD hasn't commented publicly on the situation either.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.
See All