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</html><description>Hardware manufacturer AMD has announced it will be cutting roughly ten percent of its workforce as a result of lower-than-expected financial performance in the first quarter of the fiscal year. The company said it expected first quarter revenues for fiscal year 2008 to hit $1.5 billion, a jump of 22 percent over revenues for the same period in 2007 but 15 percent lower than the fourth quarter of that year. First quarter revenues has previously been expected to reach $1.6 billion, according to an Ars Technica report. The job cuts will result in the loss of 1600-1700 workers. The increased [&hellip;]</description><thumbnail_url>http://cdn.themis-media.com/media/global/images/galleries/display/47/47972.jpg</thumbnail_url></oembed>
