AMD Layoffs: 5% Of Staff Soon Jobless
AMD seems to be reluctant into letting good news into its press room. The Intel rival plans to cut its workforce by 5%.
March 20, 2008
But, according to TG Daily:
“sources indicate that AMD may be preparing the analyst community for another not-so-great quarter, in which especially CPU sales have tanked. The TLB bug (and the following PR disaster) hurt Opteron sales anyway and this week Intel senior vice president Pat Gelsinger was telling journalists that the Tigerton Xeon MP processor is gaining market share and will bring “the biggest market share swing in years”.”
At present time, AMD's total workforce is of 16,719. A 5% cut means that about 800 to 850 staffers will soon be looking for new jobs.