{"id":3428,"date":"2008-04-08T13:32:33","date_gmt":"2008-04-08T11:32:33","guid":{"rendered":""},"modified":"2008-04-08T13:32:33","modified_gmt":"2008-04-08T11:32:33","slug":"amd-to-cut-workforce","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/hardware\/3428-amd-to-cut-workforce.html","title":{"rendered":"AMD to cut workforce"},"content":{"rendered":"<p>AMD said it will cut approximately 1,650 jobs beginning this month.<\/p>\n<p>The announcement came as AMD warned its first-quarter earnings report due for release April 17 will show sales below expectations.<\/p>\n<p>AMD expects revenues for the quarter ending March 29 to be approximately 1.5 billion dollars, a 15 percent drop from previous quarter.<\/p>\n<p>&ldquo;AMD had previously anticipated first-quarter revenues to decline in line with seasonality,&rdquo; the company said in a release.<\/p>\n<p>Electronics industry sales are historically slow in the first three months of a year.<\/p>\n<p>AMD has long battled to wrest market share from leading chip maker Intel, also based in California, and hopes to regain ground with a recently released high-performance &ldquo;Barcelona&rdquo; chip.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US computer chip maker Advanced Micro Devices said on Monday it will cut 10% of its global workforce in the face of sagging revenues.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-3428","post","type-post","status-publish","format-standard","hentry","category-hardware"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/3428"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=3428"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/3428\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=3428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=3428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=3428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}