Good And Bad News For AMD

AMD has denied published reports that it has cut its workforce in anticipation of another gloomy quarter and declined to comment on how the quarter, which ends in a week, will shape up.

Some reports said AMD (NYSE: AMD) would cut about 5 percent of its workforce, which would translate to around 800 from its staff of 16,000 worldwide. The company refuted this and declined to speculate on what might happen after the first quarter results come out.

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