AMD has brought in some new blood recently. Rory Read took over as CEO in August, and Mark Papermaster recently joined in as Chief Technology Officer. The company may now be preparing itself for a subsequent bloodletting—according to SemiAccurate, the chipmaker is planning some executive layoffs.
The site says these layoffs will take place "in the next two weeks or so." While it doesn't cite an official source, it says "SemiAccurate moles" confirmed the rumor after spending several days in Silicon Valley. There's no word yet on who will be getting the axe, nor how extensive the layoffs will be.
AMD enacted repeated mass firings a few years back, when it was hemorrhaging money—once in April 2008, another in November of that same year, and again in January 2009. The company has been profitable for some time now, though; its third-quarter financial results showed growth in both revenue and net income. Perhaps the rumored layoffs have to do with the underwhelming Bulldozer launch.
|Sony, Panasonic cooking up 1TB optical discs||54|
|Need a little more help...||4|
|iOS 7.1 aims to atone for iOS 7's shortcomings||41|
|New Zotac mini-PCs offer Iris Pro, mobile Richland||22|
|Latest GeForce WHQL drivers add Titanfall support||14|
|Haswell-powered Asus Chromebox goes up for pre-order||9|
|The TR Podcast 151: Key switch explosion, the new System Guide, and overclocked SSDs||8|
|Smoky Back Room types, we need you||24|
|International Women's Day Shortbread||94|