AMD layoffs to affect Austin the most (Sunnyvale, Canadian: real estate market, transfer to)

[Torontonian]

Austin staff to be hit the hardest

We've confirmed that AMD layoffs will happen instantly for all the employees that are on the black list and that the Austin, Texas office is going to suffer the most.

There will be very few people that will have to go from the Canadian and European offices, mainly as AMD wants to make the labor cuts on the CPU side of the business.

Graphics and chipsets businesses are in good shape and there will be minimal cuts in this field. Graphics and chipsets are doing well for AMD.

Fudzilla - AMD layoffs to affect Austin the most (http://www.fudzilla.com/index.php?option=com_content&task=view&id=6646&Ite mid=1 - broken link)

[ATX Wahine]

My husband is an AMD employee in Sunnyvale who was given a transfer to the Austin office effective in June. We're waiting on pins & needles today to find out if he'll come out of this with a job at ALL.

[scongress1234]

This is what I was concerned about per the dell factory layoffs. I was hoping it was a one-off thing, and not a harbinger of bleeding in computers and tech across the board in Austin. This may be happening now, as AMD is one of the larger tech employers in Austin(2,300), and many subcontractors are involved with them. Let's hope that there isn't more in the works, but things are looking like a tech bust redux may be in the works.

[jread]

Fresh off the wire:

AMD starts layoffs in Austin, U.S.

By kirk ladendorf | Thursday, April 17, 2008, 01:39 PM

Advanced Micro Devices Inc. cut 420 jobs today, including 215 in Austin, as the chip-maker took the first steps toward its major worldwide staff reduction that will continue for the next six months....

Austin American-Statesman | statesman.com

[shane79]

I dont think it is a "tech bust", just that AMD is not doing so well in the processor market (vs intel).

[HappyTexan]

There's also other layoffs going on in Tech that you don't read about.

[scongress1234]

I don't think its a tech bust necessarily, or even a harbinger of the same. Not wishing it will occur and hoping that it is isolated as well. At a certain point, when 3-4-5 companies start announcing, it makes you wonder. At a further point, it becomes quite obvious. I would imagine the national press would be all over it, particularly the Austin press, and I haven't heard a peep out of either. The open question is how will tech react when the rest of the economy is reeling, outside of medicine, and cutting back on tech spending, and consumers react as well per personal items? And what would the impact be on Austin if it didn't react so well?

[swaushorn]

It's also possible that there is a slower demand for products which use chipsets from AMD (and other tech companies). Many people are tightening their belts as some of the uncontrolled consumer spending ebbs and it affects all the ancillary businesses which serve other products.

It'll turn around as there are always bumps in the road. Hopefully the tech sector won't get pummeled like they did in 1999-2001.

[austin_or_sd]

Layoffs at Dell continues. This time, it is not factory but (high) salaried tech workers. It makes me wondering how the layoffs will affect the real estate market.

[jwb123]

There were layoffs at Dell yesterday - definitely NOT factory workers.