AMD sheds another 3% of its staff


— 6:00 AM on November 6, 2008

Despite posting its first operational profit in two years last month, AMD clearly isn't done with its restructuring efforts. The chipmaker has announced that it's firing 500 employees, equivalent to around 3% of its total workforce. Here's what the Associated Press has gleaned about the cuts:

AMD said Wednesday it had already notified all U.S.-based employees who were being laid off in the latest round of cuts.

The job cuts will affect all AMD departments worldwide except for the company's manufacturing operations, which have roughly 3,000 employees and are being spun off into a separate company, spokesman Michael Silverman said.

These firings come just seven months after a previous round of job cuts, where AMD let go around 1,600 employees, or 10% of its staff. Since then, AMD has changed CEOs, announced a plan to spin off its chip foundry business, and completed the sale of its digital TV business to Broadcom.

   
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