Tag Archives: JobLoss

AMD could slash up to 30 percent of its workforce according to reports

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AMD could slash up to 30 percent of its workforce according to reports

AllThingsD and CNET are reporting that 30 percent of AMD's workforce could be laid off, though one of several unnamed sources notes the cuts could be as low as 10 percent. If these reports hold true, this would be the second round of layoffs for AMD within a year's time. The reductions will reportedly affect the firm's engineering and sales employees, and may be serious enough to cause a paring back of product lines. The silicon giant could potentially reveal its plans as early as next week, which would coincide with the announcement of its third quarter financial results. With the company expecting a ten percent revenue drop in Q3, it looks like the latest figures will continue the trend of less than ideal results.

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AMD could slash up to 30 percent of its workforce according to reports originally appeared on Engadget on Fri, 12 Oct 2012 20:20:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceAllThingsD, CNET  | Email this | Comments

T-Mobile CEO Philipp Humm issues memo discussing restructuring plans, more jobs affected (update)

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T-Mobile's going through some more growing pains as it continues through the process of restructuring. Less than two months after announcing it would close down seven call centers and cut a total of 3,300 jobs, CEO Philipp Humm has sent out another memo discussing that the company is ready to take the "second essential step" by announcing a new structure -- unfortunately, it means another round of layoffs is coming sometime this week. Humm gives no details on who will be affected, nor does he go into specifics on the new organizational structure that apparently is resulting in the loss of jobs. Head below the break to read the full message from the CEO.

Update: Reuters is reporting that 900 T-Mobile employees stand to lose their jobs as a result of the most recent round of layoffs.

Continue reading T-Mobile CEO Philipp Humm issues memo discussing restructuring plans, more jobs affected (update)

T-Mobile CEO Philipp Humm issues memo discussing restructuring plans, more jobs affected (update) originally appeared on Engadget on Tue, 15 May 2012 13:26:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceThe Verge, Reuters  | Email this | Comments