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.
|Friday night topic: your top movies?||18|
|Deal of the week: Corsair's 750D case and four fans for $100||16|
|Android on x86: A quick look at Asus' Memo Pad ME176C tablet||16|
|Triple-wide radiator defines Thermaltake's new water cooler||46|
|Report: Google proceeds with $1 billion Twitch.tv buyout||21|
|New Asus 802.11ac router can top 1.7Gbps||63|
|Early Unreal Tournament concept art reminds us how far we've come||31|
|Report: Intel targeting larger, pricier Android tablets||26|
|The new new name for the UI is called Retro.||+40|