Dalo Harkin Posted November 7, 2008 Posted November 7, 2008 AMD has announced plans to cut 500 jobs as part of its ongoing “asset light” effort to reduce expenses and reach a break-even point of $1.5 billion in quarterly revenue. This is their second round of job cuts this year, following an announcement in April to layoff around 1,600 staffers, or about 10% of its workforce at the time. AMD has been trimming the fat lately, and is currently in the process of splitting into two businesses: one that focuses on microprocessor design and another that will manufacture them. The company now has some 15,000 employees and plans to have the majority of them handling processor designs, while roughly 3,000 will head to newly-formed The Foundry Company early next year. Sourced from AMD to cut 500 more jobs - TechSpot News Quote Intel Q6600 @ 4Ghz (Watercooled)Asus P5K premium black pearl4GB OCZ Reaper 8500260GTX Join Free PC Help - Register here Donations are welcome - here PC Build We are all members helping other members.Please return here where you may be able to help someone else.After all, no one knows everything and you may have the answer that someone needs.
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.