AMD makes another 1,100 staff redundant

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AMD makes another 1,100 staff redundant

Antony Savvas

AMD is axing another 1,100 jobs - around 9% of its 12,000 workforce - to further reduce its costs in a worsening market.

In addition, senior management at AMD are to take wage cuts of between 15% and 20%, and staff in the US will have their wages slashed by between 5% and 10%. Staff elsewhere will also be put on reduced salaries.

 

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The latest AMD job cuts follow the 2,000 positions that went last year at the loss-making company.

Last year, AMD's chip foundry operations were spun off into a separate company. The move included 3,000 staff, and none of these are affected by the latest cuts.

The latest AMD cost cuts come after bigger chip rival Intel announced a 90% slump in profits for the fourth quarter.


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