AMD suffers falling revenue, announces 7% staff cut

Last quarter's strong PC shipments may have helped Intel's bottom line, but by the looks of it, they didn't do much for AMD's. While the underdog's third-quarter financials show a modest net income of $17 million, they also outline revenue declines both for the company as a whole and for its Computing and Graphics business unit in particular.

On top of those lackluster numbers, AMD has announced a 7% reduction in ...