AMD has an SGI moment

$131M quarterly loss. They have a looming 15% (think one out of every seven) RIF.
I remember those from SGI days. I remember being on an ACS show floor, giving demos, and learning that some of my colleagues on the show floor with me, were part of the RIF.
SGI itself isn’t doing well, but thats a story for another time.
Still have lots of friends at AMD. Folks I’ve worked with and respect highly. This isn’t existential for them, but they need to seriously get their ducks in a row, and start pursuing meaningful growth paths. No growth path is without pain.