Reports: AMD Layoffs Could Lop Off 3,000 Jobs

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http://www.thevarguy.com – Chip maker AMD (NYSE: AMD) is prepping to layoff as much as 30 percent of its workforce, amounting to as many as 3,000 jobs, according to reports — a move that comes hard on the heels of an expected 10 percent Q3 2012 revenue slide, eroding margins and weak demand. The cuts, also detailed here, could impact workers in engineering and sales, units that skirted prior workforce reductions including the 10 percent of employees worldwide the vendor laid off a year ago November. This time, however, the job eliminations may force the vendor to pare back some product lines. In addition, the repo (IT news)