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http://www.mercurynews.com/business/ci_5856421
Advanced Micro Devices to cut 430 jobs
Chipmaker says 40 positions will be lost in Sunnyvale and Santa Clara
By Mark Boslet
Mercury News
Article Launched: 05/09/2007 05:20:32 PM PDT
Advanced Micro Devices said Wednesday it cut 430 jobs, or 2.6 percent of its global workforce, in an effort to cut costs and battle intense competition from Intel.
About 40 of those positions will come at the company's Sunnyvale and Santa Clara facilities, AMD said.
The chip maker's layoffs, which were effective immediately, come less than two weeks after Chief Executive Hector Ruiz told shareholders that the company's recent performance has been "unacceptable."
"There is no way to sugarcoat our performance in the first quarter," when the company missed sales targets and posted a $611 million loss, Ruiz said at the company's April 26 annual shareholders meeting.
In addition to the local job cuts, AMD will pare 80 positions in Austin, Texas, and 50 in Markham, Ontario, where the company's ATI Technologies unit is located. No jobs were lost in Dresden, Germany, where AMD has chip making plants.
The Sunnyvale company said most of the jobs came from sales, marketing and administration. A few engineering positions were cut, but no engineering projects were affected, said spokesman Michael Silverman. The company had 16,823 employees worldwide at the end of April.
The layoffs come as AMD weathers a painful price war with Intel. Analysts say the company has had to cut the prices of its computer chips to sell them against a revitalized product line from its larger rival.
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发表于 2007-5-10 12:15
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