Saturday, October 13, 2012

McKinsey will help AMD


Time of Beijing of dispatch of sina science and technology on October 13th before dawn message, according to sources, the first of AMD will be announced during the next week a major layoffs.AMD just a few days ago sent sales and profit warning, showed a quarter of its performance will be far less than Wall Street analysts expected.
Anonymous news sources, AMD will be announced during the next week the company cut 20% to 30%.AMD the current total number of employees to 11700 people, this means jobs for 2300 people to 3500.Message personage discloses, the cuts will be engaged in engineering and sales staff impact.
In the previous few cuts turn, the staff has not affected.In addition, these well-known AMD business operation message personage still says, the cuts activity scale means that the company may be forced to cut some products.
Message personage says, AMD may be in the United States Eastern time on October 18th (Beijing time on October 19th) quarterly results when disclosing the lay-offs UGGs Montclair, may have also announced in October 25th.
A message personage discloses, job cuts may in the 25 days before the completion of the program, layoffs last 10 days.It is reported that AMD CEO Luo Ruide (Rory Read) from McKinsey and BCG introduced a business consultant team, for the company to provide advice.
Allegedly, McKinsey will help AMD processing jobs related matters, and BCG will be responsible for a "grand strategy" to provide consultancy services, this strategy aims to guide AMD.A message personage says, at present AMD internal atmosphere dreary UGG Mini Bailey Button Splatter, employees over a period of time have been in for a new round of layoffs.
Still the message personage says, the cuts of the scale of the activity may be closer to 10% to 20% UGG Hat and Scarf Set Clearance, which is 1170 to 2300.AMD spokesman declined to comment Kid's UGG Bailey Button Sale.If this is true, then will be from Luo Ruide as CEO AMD since second to take significant job cuts.
Before 11 months, the AMD announced layoffs of 10%, equivalent to approximately 1400 employees.AMD was declared that must take the job cuts, which in the fourth quarter of 2011 to cut $10000000 in operating expenses, cut further in 2012 $118000000 in operating expenses.
AMD is currently faced with losing many executives, former CFO Thomas Pacific (Thomas Seifert) in resigned last month, is the company's latest quit an executive.According to the industry's informal count, Seifert is from Luo Ruide as AMD CEO since twenty-sixth departures.
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