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AMD Cuts 1,400 Jobs

Advanced Micro Devices cut 1,400 jobs worldwide, today, which represents over 10% of the workforce of the chip company, reports the Statesman Business Blog. Word is: "The job cuts and an ongoing company efficiency program are expected to save the company $200 million from its operating expenses next year. The cutbacks affected the company’s worldwide operations and included slightly more than 300 jobs in Austin." Thanks Ant via Slashdot.

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3. Re: AMD Cuts 1,400 Jobs Nov 3, 2011, 21:10 Sacrifex
After the abject failure of Bulldozer, and the ominous firing of their CEO before its launch, I had a feeling this was coming. Sad stuff to hear about them losing their jobs.

I as well hope AMD pulls through, but it seems the only thing they're getting right at the moment is their GPU lineup, and by association, their APU.

With no-one to push Intel, the tech will flounder, and get very expensive, very quickly. Bad news for everyone outside of Intel's HQ.

Edit: Grammar Failure.
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