Intel Corp (INTC)

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Here's some NEGATIVE news that is right up your alley - guaranteed to get your rocks off:

More AMD Layoffs today
Good Morning, here's your pink slip!

By Sylvie Barak
Thursday, 26 February 2009, 22:50 MORE FOLKS AT AMD will be packing their belongings into boxes and joining the overcrowded unemployment queue today, as the INQ has learned a fresh round of layoffs is underway.

Understandably angry and hurt employees have been making their frustrations public on social not-working site Facebook.


When the INQ asked senior sources at AMD if they cared to comment, we were told "no", but then, as an afterthought, one added "it's a sad day". Which is as good as confirmation in our book.

It is indeed a sad day, and we wish those who came into work this morning, only to be made redundant, all the best and speedy re-employment. µ

UPDATE: A short while after publishing this story, we were contacted by an AMD spinner with an official statement which reads: "We did have a workforce reduction today, part of the previously communicated 900 position reduction we announced earlier this year. Today's action impacted less than 50 people in North America, primarily in general and administrative functions. Previous actions have taken place this quarter at our manufacturing sites in Asia."



http://www.theinquirer.net/inquirer/news/175/1051175/more-amd-layoffs