Anybody else notice that all the executives seem to have disappeared into their holes? Intel hired 30,000 people and then everyone disappears. How long before they fire 30,000 people? My guess is right after the quiet period.
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A tough one to watch. “All dynasties end”
This aged well
With sales plummeting, competitors with superior product gaming market share and growing the only end game Layoffs!
The Dr. Lisa Su-led company said third-quarter sales would be about $5.6B, compared to estimates of $6.71B. The company blamed the shortfall on a weaker-than-expected PC market and continued inventory corrections.
“The PC market weakened significantly in the quarter,” said Dr. Su in a statement. “While our product portfolio remains very strong, macroeconomic conditions drove lower than expected PC demand and a significant inventory correction across the PC supply chain."
Dr. Su added that AMD's (AMD) data center, embedded and gaming segments continued to show strength and the company's business model and balance sheet will help it navigate the downturn.
Breaking it down by segment, client revenue fell 53% sequentially and 40% year-over-year to $1B, while data center revenue rose 8%
Heard 10% company wide cut is coming at the end od october, managers know it already and they are assessing what can be cut.
I’ve heard faint rumors. Who knows.
Hiring and transfer freeze. Heads will roll next. Fingers crossed for excellent package in two years.
Our team hired one minority in a hurry before the hiring freeze ...
Had to work with her and finally gave up as the engineer acted like technician. Not looking for solutions, no debug skill, waiting for someone to give her the solution....
I'm pretty sure she's not the only one...