Additional reductions at AMD…
Advanced Micro Devices (AMD) plans to lay off 500 staff, the second round of job cuts to come from the company this year.
“We can confirm a worldwide reduction of 500 positions across various departments, levels and locations,” AMD spokesman Mike Silverman said in an e-mail. Most of the affected employees were notified [...]

I don’t think this is really the type of bleeding edge they were shooting for:
Well, no wonder Hector Ruiz quit as the CEO of AMD earlier today — the chipmaker just announced its second quarter results, and they’re not good. In addition to an overall $269M operating loss, the company is taking an $876M charge [...]