Industry News (2012/10/18)
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AMD will lay off 15 percent of its workforce to cut costs
Published:2012/10/18 21:45:00 Author:Ecco
According to AMD executives, Advanced Micro Devices, staggered by a weak global consumer demand and strategic missteps, will lay off 15 percent of its workforce to cut costs while launching an aggressive push into embedded markets to counter declining PC sales that will continue for the foreseeable future . It is reported that AMD sales dropped 10 percent sequentially to $1.27 billion in the third quarter,... (View)
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