AMD eliminates 710 jobs after disappointing results




AMD deletes seven percent of its workforce, leaving 710 jobs disappear. The new reorganization that the brand new CEO Lisa Su will implement following disappointing results. Revenues from APUs and video cards fell by 16 percent.

AMD The courts have yet to disappear by the end of the year, AMD hopes this year to save $ 9 million, an amount that will climb to $ 85 million. Next year The reorganization also involves additional cost of $ 57 million this year and another $ 13 million next year.

The division that makes semi-custom chips for the PS4 and Xbox One, performed it properly. Along with the Enterprise and Embedded branch sales 21 percent lower than the same period last year, although came out but profit rose to $. 108 million

That was not enough to offset the losses of Computing & Graphics division. That branch saw sales compared to last year fell by 16 percent and the loss was $ 17 million. AMD attributed the poor grades to moderate selling laptops, chipsets and graphics cards.

Eventually came revenues at $ 1.43 billion, euro 1.12 converted, and that was 2 percent lower than last year. AMD’s profit fell 35 percent to $ 20 million or 15.6 million euros. Competitor Intel knew exactly benefit from the recovery of the PC market.


In: Technology & Gadgets Asked By: [15575 Red Star Level]

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