AMD Dismisses Another 5% Of Its Workforce

AMD hasn't gotten lucky financially speaking in quite a while and their latest measure to fend off further losses is by getting rid of another 5% of its staff, or about 500 people based on their current head count of just under 10,000 employees left.

AMD is getting rid of another 500 white collar employees in order to save around $58 million USD in 2016. This is just the latest of several significant changes made by Advanced Micro Devices this year in trying to better their financial outlook.

As part of this move, AMD is said to be outsourcing their internal technology support and application development groups.

Details on AMD's latest workforce reduction via WSJ.com.

Hopefully Zen will be right on time next year and will be as good as anticipated...