Monday, January 19, 2009

AMD to cut 900 more jobs; reduce pay

From Austin Business Journal, January 16, 2009...

Advanced Micro Devices Inc. plans to cuts its company-wide workforce by 9 percent by eliminating 900 jobs in addition to previously announced job cuts, company officials confirmed Friday.

Sunnyvale, Calif.-based AMD. (NYSE: AMD), which employs about 2,300 local workers, didn’t disclose the number of Austin jobs that will be cut. Company wide, AMD plans to reduce its workforce by 1,100 positions during the first quarter, officials said.

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