AMD To Shed 10% of Its Workforce 276
stress_life writes "Recent rumors about AMD firing 5% of its workforce proved to be understated. AMD just announced that the company is going to deliver pink slips to 1600-1700 workers, or around 10% of its employees. AMD needs revenue of $2 billion per quarter, but Q1'08 is expected to come in around $1.5 billion. These firings have to be complete by Q3'08, the quarter by which Hector Ruiz promised to be profitable." We most recently discussed AMD's struggles in February.
Re:Well that's good (Score:4, Funny)
Re:Well that's good (Score:4, Funny)
10 percent not so bad (Score:5, Funny)
AMD has no chance (Score:1, Funny)
Re:Well that's good (Score:4, Funny)
Re: And if... (Score:4, Funny)
http://www.opensparc.net/ [opensparc.net]
Re: And if... (Score:2, Funny)
Re: And if... (Score:2, Funny)
Re: And if... (Score:5, Funny)