Job axing a-la AMD

The global economic crisis is taking victims mercilessly. A day doesn't pass without finding out that a few hundred people will not have their jobs for much longer. Intel, nVidia, EA's Today, AMD's again.

Although AMD is just barely succeeding to control their losses, it seems there has to be a work place cut. 500 people will have to leave AMD. This is the second wave of firing after April, when 1500 people lost their jobs. Fortunately, the workers under The Foundry Company wont be hit by these job cuts.

AMD's losses have been cut from 396 million dollars in Q3 '07 to 67 million in the quarter behind us. The latest cuts represent approximately 3% of the global workforce.

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