Posted by NTUsEr on 14 November 2002 - 20:24 · 3 comments & 91 views
AMD today announced that 2,000 people, or approximately 15 per cent of staff, will lose their jobs by the end of the second quarter of 2003.

The announcement is part of the company's strategy to reduce its breakeven point and expenses by $350 million in 2003. Approximately 1,000 affected employees located in the US, Europe and Asia were notified today.

AMD will take a Q4 restructuring charge of "several hundred million dollars", the company said.

"While painful and unfortunate, today's action will help to position AMD so that we can take full advantage of the eventual market recovery," said AMD President and CEO Hector Ruiz.

News source: The Reg



Killer7 is a new action adventure planned for Japanese release on the Nintendo GameCube from director Gouichi Suda, produced by Shinji Mikami. The main character is a wheelchair-bound old man, named Kun Lan, who happens to be an assassin with seven different personalities. Some refer to Kun Lan as God Hands. Also, each of God Killer's different personalities will have special powers that must be used to move through the game as he pursues God Hands. This game will be released winter 2003 in Japan. An European date has not been announced as of yet.

Capcom Japan also unveiled plans to release Biohazard 4 for the GameCube. Not much is known about the game at this time other than that it will star Leon S. Kennedy, who appeared in Resident Evil 2. The company's info on the game states that the story will take place "deep inside the very heart of Umbrella." A release date for the game is still to be announced.

As part of Capcom's Japanese announcements, the company has revealed plans to produce a new GameCube game called Viewtiful Joe. The game is said to be a side-scrolling action game that stars a superhero. Viewtiful Joe is scheduled to hit Japanese shelves in the spring of 2003.

Also one of the announced games is Dead Phoenix, a action adventure game. Director Hiroki Kato says he wants to create that "flying like the bird" feeling in this game. What he exaclty mean with that, we don't know. This is game is set for a release in summer 2003.

Finally, there is the game Product Number 03, an an action game starring a female soldier named Vanessa Z. Schneider. it is being said that she's a mercenary armed with a high-powered laser--and she's a robot killer. Robots at a colonial settlement have gone wild on a nearby planet, and it's up to Vanessa to stop them. This game is set for a Japanese release Spring 2003.



There are 3 additional comments
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Quote this comment Reply to this comment #1 Posted by Cara on 15 Nov 2002 - 00:01
A shame to those loosing their jobs
Quote this comment Reply to this comment #2 Posted by DrOmango on 15 Nov 2002 - 03:24
yea Im sorry to people who lose thier jobs
Quote this comment Reply to this comment #3 Posted by Krome on 15 Nov 2002 - 08:42
I don't really see how laying off people help AMD take full advantage of the market recovery...
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