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. 

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amd ± layoffs, earnings

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