Unfortunately I agree. I dont remember reading the article last year about Intel restructuring and laying off 10,000 workers. I must have been asleep when that was published...
Unfortunately I agree. I dont remember reading the article last year about Intel restructuring and laying off 10,000 workers. I must have been asleep when that was published...
Oh, they did all right.
Ask anybody in intel what SET means and you'll get rewarded with a litnany of curse words. However, I do agree with Otellini -- Intel did it from a position of strength. AMD is doing it from a position of desperation. I can only hope that they don't cut too much meat from the bone on the layoffs.
While I will personally end up paying off my mortgage if AMD goes down, it is NOT a good thing for the industry, and, on a engineer-to-engineer level -- I'm rooting for them to turn it around.
This is bad news ... I hope the staff comcerned all get work quickly.
Isn't it great how when management at the top screw up for 4 successive quarters they still pull million dollar bonuses while the staff who quietly work their guts out keeping the company afloat and the customers happy get laid off.
Hector ... you and your team at the top can "bite my shiny metal ass".
AMD;s management team rate as the worst bunch of tossers ever to run a company.
Someone list them below please ...
Let them bask in some forum glory ...
I wouldn't employ them to clean my toilet.
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Great spirits have always encountered violent opposition from mediocre minds.
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reynod...I don't think I usually agree with you, but there's a first time for everything.
How Hector can justify making more than double what Intel's CEO makes in a year while AMD is struggling is beyond me. Although it may not be a fair comparison, as Paul's compensation is actually relatively low compared to most other big business CEOs.
If a company is managed badly enough, the CEOs do get kicked out. But at that point, 20-40% of the workforce has either been laid off or had their benefits (I included raises here as a benefit ) reduced. Add on that the departing CEO might not be able to afford his maid or pool boy, so they usually get a hefty compensation package. "You screwed up really big...so here's more money than you'd make in the next 10 years if you actually did anything. Bye!" I don't think AMD's alone in how they treat their CEOs vs how they treat their cattle...I mean employees.
The only silver lining here is that AMD may be able to become stable and profitable by cutting their costs. It's completely earth shattering to those who are getting cut, but to investors, it's money in the bank.
reynod...I don't think I usually agree with you, but there's a first time for everything.
How Hector can justify making more than double what Intel's CEO makes in a year while AMD is struggling is beyond me. Although it may not be a fair comparison, as Paul's compensation is actually relatively low compared to most other big business CEOs.
If a company is managed badly enough, the CEOs do get kicked out. But at that point, 20-40% of the workforce has either been laid off or had their benefits (I included raises here as a benefit ) reduced. Add on that the departing CEO might not be able to afford his maid or pool boy, so they usually get a hefty compensation package. "You screwed up really big...so here's more money than you'd make in the next 10 years if you actually did anything. Bye!" I don't think AMD's alone in how they treat their CEOs vs how they treat their cattle...I mean employees.
The only silver lining here is that AMD may be able to become stable and profitable by cutting their costs. It's completely earth shattering to those who are getting cut, but to investors, it's money in the bank.
You are right on 100%. Look at Citi. Their last CEO messed up big time in certain areas and BAM!!!!!! He leaves and gets more money than a small company could dream of making in 20+ years. I think it was $125 million+ stocks?
And don't forget how their investors are treated. They are the gold lining to the company so whatever makes them money is what the company will do. It kinda sucks in the end doesn't it?
Unfortunately I agree. I dont remember reading the article last year about Intel restructuring and laying off 10,000 workers. I must have been asleep when that was published...
If you worked at Intel you would remember it painfully well.
To be honest, I'm surprised AMD didn't do this sooner. When the company's in the crapper, the fastest way to improve the bottom line is cut expenses - and the biggest expenses are usually employees. Sucks, but that's the way it is.
To all those affected - here's hoping you move on to bigger and better things.
If you worked at Intel you would remember it painfully well.
To be honest, I'm surprised AMD didn't do this sooner. When the company's in the crapper, the fastest way to improve the bottom line is cut expenses - and the biggest expenses are usually employees. Sucks, but that's the way it is.
To all those affected - here's hoping you move on to bigger and better things.
Well if you calculate the expenses for the employees they are cutting, usually th lower end area, you could save a hell of a lot more money by cutting the CEO and higher ranking peoples salaries and not giving them outrageous can buy a freakin country bonuses.
I feel bad for the workers. The economy is in the crapper and it's always tough. If AMD was able to execute more they could be taking market share and hiring.
I agree with others that we could very well see Intel cuts too. The technology sector isn't exactly hot right now.
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"phenoms is so very good at multitasking" - kassler
I agree with others that we could very well see Intel cuts too.
Intel has been cutting jobs. It just hasn't been as highly publicized since Intel is a much larger company and thus the staff reductions haven't amounted to as large a fraction of the total workforce.
It's the arabs buying up amd. They want american jobs to go away.
Don't even get me started. CitiBanks 2 largest shareholders are from the middle east. It makes me go crazy thiking my company makes them even richer while I set there making nothing. Pisses me off too that I work my ass off and they inherate a country (i.e. Prince yadda yadda) or a huge oil business and buy up companies left and right.
Maybe a bunch of the employees that were laid off can go work at Intel, who is doing pretty well right now. That'd be kind of ironic. I really don't think they should have done this, though, at least not in these numbers. Maybe they should decrease the salaries of the top brass.
Inside a couple of years the Arabs and Chinese will own everything.
The illusion of an affluent and stable "Western" world is nothing more than a shell now.
The enemy is defeating us on the modern equivalent of the battlefield ... the finance sector.
Interestingly enough the Japanese started this ... shortly after WW2.
Wait till your corporate charters are written in another language first ... and your training videos have English subtitles ... then you will know it is too late.
Message edited by reynod on 04-09-2008 at 01:01:24 PM
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Great spirits have always encountered violent opposition from mediocre minds.
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) reduced. Add on that the departing CEO might not be able to afford his maid or pool boy, so they usually get a hefty compensation package. "You screwed up really big...so here's more money than you'd make in the next 10 years if you actually did anything. Bye!" I don't think AMD's alone in how they treat their CEOs vs how they treat their cattle...I mean employees.
