Chip-maker AMD to cut nearly 15% of workforce by year-end
October 20, 2012, 12:06 am TWN
SUNNYVALE, California -- Chip-maker Advanced Micro Devices Inc. says it will cut nearly 1,800 jobs, about 15 percent of its workforce, by the end of the year in order to reduce spending in the face of dwindling sales.
AMD is the world's second-biggest maker of microprocessors for personal computers and PC sales are falling. That's partly due to more consumers shifting away from PCs and doing their computing on tablets and smartphones.