AMD to cut 1,600 jobs this year

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

AMD logoAccording 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.