AMD to cut 10pc of workforce

8 Apr 2008

Microchip manufacturer AMD is to slash 10pc of its workforce globally following a poor quarter.

The cuts will amount to 1,600 workers. The job losses will affect workers across all business divisions and geographical locations.

The company suffered lower-than-expected sales across all business units, it announced, with revenue for its fiscal first quarter expected to come in at about US$1.5bn, down 15pc from the fourth quarter of 2007 but up 22pc year-over-year.

AMD has struggled to integrate graphics chipmaker ATI, which it acquired in 2006, and has lost ground to main rival Intel following delays in the rollout of its Opteron processor.

By Niall Byrne