Posts Tagged ‘AMD’

Barely two months ago we found that another round of layoffs would land 500 employees at AMD without a job. Now, we’re hearing that the chip maker is looking to scale down its workforce by another nine percent, which means that around 1,100 positions will be vacated in Q1 2009. Also of note, the arguably overpaid Executive Chairman Hector Ruiz and his buddy Chief Executive Dirk Meyer will each see “temporary” (what, like a day?) 20 percent cuts in base salary. (Engadget)

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 on Wednesday, he said. (IDG)

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 against the purchase of ATI so it can abandon the handheld graphics and digital TV markets. (Engadget)