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Axe falls again at AMD, 500 more employees laid off

Axe falls again at AMD, 500 more employees laid off
Darren Murph
Darren Murph|November 6, 2008 8:32 AM

Merely seven months after AMD hacked 1,600 employees from its roster, we're seeing 500 more head for the exits. The latest round of layoffs at the Sunnyvale-based chip maker amounts to 3% of its global workforce, and according to spokesman Michael Silverman, the "headcount reduction is part of the company's efforts to reduce [its] cost structure." The firings come a month to the day after a breakup was announced, and they'll affect every division of the company save for the manufacturing operations -- which are, in fact, precisely what's being spun off. Just another day in paradise, eh AMD?

[Via MarketWatch]
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