Days after warning of a huge sales and earnings miss, chipmaker Advanced Micro Devices is close to announcing a significant reduction in its workforce that could be be made public as early as next week.According to sources familiar with the company’s plans, (they asked not to be identified), AMD will announce next week that it will cut between 20 percent and 30 percent of its employees, which, given AMD’s headcount of about 11,700 11,100 workers, would amount to between 2,200 2,300 and 3,300 3,500 jobs.
Exclusive: AMD to Cut Up to 30 Percent of Workforce - Arik Hesseldahl - News - AllThingsD#