Posted by: Michael on Mon, Apr 07th, 2008
Last week while having dinner with someone, I was told AMD would be laying off 1500 people, but since there was no official word on this I did not post anything.
I should have, as C|net is now reporting that AMD is laying off 10% of its work force, approximately 1650 employees in an effort to save money after declining sales.
AMD has also informed investors it would not meet its first quarter expected earnings by $100 million.
Comments: (3)
Chris on Mon, Apr 07th, 2008 at 06:36 PM
are they really doing that bad?
on Tue, Apr 08th, 2008 at 05:05 PM
looks it
AlphaAlien on Fri, Apr 11th, 2008 at 02:23 PM
Hope they keep Mark, he is one of the best they have 
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