We already learned about this last week, the good news is that the number of layoffs is smaller then expected, the bad news .. it's still a lot. All those poor people. AMD announced a third-quarter net loss of $157 million, or 21 cents per share, on revenue of $1.27 billion. This compares to a profit of $77 million on revenue of $1.41 billion in the previous quarter, and a profit of $138 million on revenue of $1.69 billion in Q3 2011. In the third quarter, sales of the company's Computing Solutions plunged 11 percent sequentially and 28 percent year-over-year due to weak consumer demand for PCs as well as lower average selling prices across all geographies. Graphics segment revenue took a hit of 7 percent sequentially and 15 percent year-over-year, while GPU revenue crashed 14 percent sequentially.
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