AMD is quietly cutting five per cent of its workforce. Pink slips have been handed out now. The cuts are going to be across the board, not targeted at any specific group. Whispers also say that this is because the chip maker is going to badly miss numbers this quarter, and it is taking preemptive moves to get costs under control. Too little, too late, too badly aimed, or not aimed it seems. With the earnings in free fall, expect a press conference in a day or two to explain the problem, and how they are dealing with it via the axe.

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