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Home arrow Going Places arrow Recruitment News arrow AMD to cut 10% of workforce
AMD to cut 10% of workforce Print E-mail
Apr 08, 2008 at 11:28 AM

The AMD rumor mill has been proved correct in its doubt for the future of the company’s staff. A planned 10 percent cut in the company workforce was confirmed yesterday, which could mean close to 1,600 layoffs in store for the company by the end of the third quarter of 2008. 

AMD also plans a restructuring change in the second quarter of 2008, but has not yet disclosed details of the cost of the job cuts and restructuring. Continued heavy losses and declining market share have necessitated these drastic measures.

AMD also said that first quarter sales would be lower than expected and down 15 percent compared to the fourth quarter of 2007. AMD had previously expected first quarter revenue to decline in line with seasonality.

By Síle Mc Mahon 

Readers' comments
Comment by GUEST on 2008-04-22 17:41:31
AMD should realize that competing with Intel is impossible given Intel's unfair trade practices.


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