AMD (AMD -14.4%) is planning huge job cuts, AllThingsD reports. Two sources claim AMD will...
Friday, October 12, 2012, 6:15 PM ETAMD (AMD -14.4%) is planning huge job cuts, AllThingsD reports. Two sources claim AMD will announce plans to cut 20%-30% of its workforce (2.3K-3.5K jobs) next week, while another suggests 10%-20% of workers will be affected. The cuts are said to include engineering and sales (spared in prior layoffs), and could be large enough to force AMD to narrow its product line. AMD delivers its Q3 report on Thursday. (Q3 warning) (more) Update: SemiAccurate also reports layoffs are on the way, and says AMD's Canadian GPU R&D ops will be hard-hit.
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