this post was submitted on 14 Nov 2024
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AMD confirms it's cutting 4% of its global workforce (www.theregister.com)
submitted 1 day ago by [email protected] to c/[email protected]
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[–] [email protected] 2 points 1 day ago (1 children)

I dunno. If my company launched a new product, and then that product just sat on store shelves unsold, there’d probably be some people at my company who lost their jobs over it…. Regardless of how my competitors were doing.

[–] [email protected] 1 points 1 day ago (1 children)

Intel sold practically nothing, see reports of literally zero Intel sales in a month at Germany’s largest retailer for example.

That means AMD got the lions share which was also lower than expected.

This points more to market slowness than individual company performance. A 4% cut is quite modest with that sort of market.

[–] [email protected] 1 points 1 day ago

I don’t think it’s market slowness… more that there’s nothing worth upgrading to.

Now that the x3D came out, and it’s actually better than last gen, it sold out everywhere. People just want good new products.

And yeah 4% is small, just providing insight into why AMD layoffs are a huge surprise.