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AMD to cut 1,600 jobs, roughly 10% of workforce
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AMD to cut 1,600 jobs, roughly 10% of workforce
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8th April 2008, 02:07
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| [M] Reviewer Join Date: Dec 2007 Location: Calif. Bay Area, USA
Posts: 454
 |  AMD to cut 1,600 jobs, roughly 10% of workforce The worst is not over by a long shot for AMD. This afternoon, the company confirmed it would have to make very painful cuts, the repercussions of which are already being felt in terms of declining revenues. Up until today, AMD had been saying it expected its revenue from the first calendar quarter of this year to decline "in line with seasonality" -- meaning, it would be lower than over the Christmas holiday because January always drops from December. And analysts had been responding to that claim, for the most part, with disbelief. As it turned out, the analysts were right. http://www.betanews.com/article/AMD_...ook/1207607120 |
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8th April 2008, 08:30
| #2 |
| Madshrimp  Join Date: May 2002 Location: 7090/Belgium
Posts: 78,458
 | these were rumored for more than a few weeks now
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