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AMD To Shed 10% of Its Workforce

Posted by ryuzaki0 on from the hitting-the-streets dept.

stress_life writes "Recent rumors about AMD firing 5% of its workforce proved to be understated. AMD just announced that the company is going to deliver pink slips to 1600-1700 workers, or around 10% of its employees. AMD needs revenue of $2 billion per quarter, but Q1'08 is expected to come in around $1.5 billion. These firings have to be complete by Q3'08, the quarter by which Hector Ruiz promised to be profitable." We most recently discussed AMD's struggles in February.

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  1. Re:Transportation Stocks Suggest Recovery by JohnFluxx · · Score: 0, Flamebait

    And yet most people here seem to be against government regulation. Something I've never quite understood.