AMD lays 500 staff as financial troubles continue

Computerworld Kenya, 6 Nov 2008, Sumner Lemon, IDG News Service\Singapore Bureau

Advanced Micro Devices (AMD) plans to lay off 500 staff, the second round of job cuts to come from the company this year.

"We can confirm a worldwide reduction of 500 positions across various departments, levels and locations," AMD spokesman Mike Silverman said in an e-mail. Most of the affected employees were notified on Wednesday, he said.

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