AMD cutting its work force by 5%
By Ron Haruni · Mar 20, 2008 · Author's Website
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.
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