San Francisco (dpa) - Computer chipmaker Advanced Micro Devices is
to announce plans to lay off some 30 percent of its workforce next
week, according to a report late Friday in The Wall Street Journal
blog All Things D.
The report quoted sources familiar with the company's plans as
saying that the cuts would affect 20 to 30 percent of AMD's 11,100
workers, meaning that between 2,200 and 3,300 employees could be made
redundant.
The cuts follow an earlier round of layoffs less than a year ago
that cut the number of employees by 1,400.
AMD is the main competitor to Intel for the chips that power PCs,
but both companies have seen sales fall due to the economic downturn
and the shift by consumers to smartphones. AMD issued a warning
Thursday that third-quarter revenue will fall about 10 percent from
the second quarter due to the sagging PC market.
