AMD not likely to layoff India staff

SUNNYVALE (USA)/BANGALORE (INDIA): Chipmaker Advanced Micro Devices (AMD) would cut about 10 per cent of its 16,800 employees worldwide between this month and September.

The move to cut 1,680 employees was part of a cost-cutting plan to make the loss-making firm profitable, according to a company spokesperson.

However, AMD is not likely to cut jobs in India, it is learnt.

The company also warned that its first-quarter sales were lower than expected across all business lines.

AMD was to announce its quarterly results on April 17. AMD was giving rival Intel a tough time during 2003-2006, forcing a restructuring process at Intel.

Its much-trumpeted quad-core chip Barcelona was intended to take the firm closer to Intel. However, Barcelona faced bug and design problems, affecting sales in the first two months of 2008.

Intel, meanwhile, announced new products and manufacturing technology in recent months.