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AMD

Submission + - AMD set to fire 10% of its workforce (tgdaily.com)

stress_life writes: Recent rumors about AMD firing 5% of its workforce proved to be untrue. AMD just announced that the company is going to deliver pink slips to 1600-1700 workers, or around 10% of workforce. AMD needs revenue of two billion USD per quarter, and with Q1'08 set around 1.5 billion range, executives had to pull some drastic moves. These firings have to complete by Q3'08, quarter that Hector Ruiz promised to be profitable.
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AMD set to fire 10% of its workforce

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Established technology tends to persist in the face of new technology. -- G. Blaauw, one of the designers of System 360

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