AMD to cut 1,600 jobs this year

Brief report at the DT on AMD’s impending job cuts

According to Information Week, AMD plans to axe off 1,600 employees before the close of September — this would represent a 10% reduction in AMD’s current workforce of 16,000 employees.

…AMD expects that Q1 revenue will come in at roughly $1.5B or 15% lower than Q4 2007 — the loss came from an unexpected decline in every market that AMD competes.