AMD may layoff as many as 30 percent of workers, following disappointing earnings

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Yesterday, AMD admitted that sales are going down. Today, multiple sources are reporting that the chip company is planning mass layoffs of as many as 3,500 workers. CNET, All Things D, Bloomberg and Reuters all cite anonymous sources who say that the company will announce layoffs soon, though certain anonymous individuals disagree on the number. Some say the company will let go of at least 10 percent, and up to 20 percent of staffers, and others say 30 percent layoffs have been discussed. The company reported headcount of 11,737 employees as of June, so you can do the math. Sources say AMD will likely announce the layoffs next week.

If true, the downsizing wouldn’t necessarily be surprising: it’d be the latest in a long string of bad…

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