Based on reports from The Inquirer.net – Advanced Micro Devices (AMD) is quietly cutting five per cent of its workforce.
Pink slips, according to report – have been handed out now. The cuts are going to be across the board, not targeted at any specific group.
The story also says that :”the chip maker is going to badly miss numbers this quarter, and it is taking preemptive moves to get costs under control.”
AMD currently trading down $0.04 at $6.11 real time quote.
