The Haus

Thursday, February 3, 2000

3dfx Layoffs -- 9:44 am CST, Update by A.T. Hun

Uffda! I forgot to mention this one yesterday. According to this news article and this follow-up on the Shugashack (parts of which were confirmed by GA-Source), 3dfx is going through a massive restructuring. The result? 5% of their employees will be laid-off and a further 15% will be spun-off into a new "Specialized Technology Group".

This is not surprising, given how poorly 3dfx' stock has been performing recently. Whenever this happens, the employees heads are the first to roll. Businesses call it "focusing on their core business." Stockholders call it "increased profits." Employees call it "time to stock up on Ramen Noodles."

News for 02/03/2000

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