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October 13, 2012 06:13 am GMT

AMD Said to be Readying Massive Layoffs


Big layoffs are said to be in the works for chipmaker Advanced Micro Devices (AMD). CNET is reporting the computer processor company could let go 20 percent to 30 percent of its employees within the next few weeks.

AMD reports quarterly earnings on Thursday but it has warned that it's third-quarter revenue is down about 10 percent. If true, this would be the second big staff cut in the past year for the chipmaker.

AllThingsD is reporting the cuts will affect employees involved in the engineering and sales departments.

The downturn is not unexpected. Sales of PC's have slowed this past year as mobile devices have taken off. Market research firm Gartner reports worldwide PC shipm…
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Original Link: http://feeds.mashable.com/~r/Mashable/~3/I7GXMo9lxm0/

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