Breaking: AMD to layoff 5% of its workforce, says The Inq
Wednesday 19th March 2008, 10:30:00 PM, written by Arun
According to The Inquirer, AMD employees have been informed that 5% of the workforce is being cut across all segments of the company. Rumours seem to indicate an upcoming quarterly earnings miss is responsible for the move; AMD's fiscal Q1 ends on March 31st and results are announced in mid-April.
AMD had previously forecasted a return to operational profitability by the end of Q3 2008. We'll cover the official announcement if/when this rumour materialises and wish the best of luck to everyone affected by this unfortunate turn of events.
Tagging
amd ± layoffs, earnings
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You did consider the somewhat significant(to say the least) difference in terms of HR between AMD and Intel, yes?And for once I'd like for someone to explain exactly how something that happened over at one of them necessarily is equally good/bad for the other company, as they're hardly identical.