AMD makes another 1,100 staff redundant

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...

This Article Covers

Jobs

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.

 

 

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.

CW+

Features

Enjoy the benefits of CW+ membership, learn more and join.

Read more on IT jobs and recruitment

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close