Feeds

3dfx fires 20 per cent of workforce

Graphics company's new CEO swings the axe, as promised

  • alert
  • submit to reddit

The essential guide to IT transformation

The scheduled launch date for 3dfx's upcoming next-generation Voodoo 4 and 5 graphics acceleration products may be getting nearer, but not close enough to save the company financial embarrassment. Last week the loss-making company was forced to lay off 20 per cent of its staff -- 130 people in total -- in a bid to cut costs. It also said its high-end Special Technologies Group would be spun off, again in a bid to reduce the company's overheads. Getting rid of the STG will contribute to the overall jobs cuts. The STG develops Voodoo-based products for the Windows NT workstation market, something that's arguably more the purview of 3dfx's partner Quantum 3D, which operates in the high-end simulation market and in which 3dfx has also invested. Not that a swinging axe should surprise anyone. CEO Alex Leupp, who replaced the disgraced Greg Ballard last November, said at the time he was willing to make major cuts in order to get 3dfx back to profitability. 3dfx went into the red during its first quarter of 1999 after the company splashed out on the acquisition of board maker STB. However, the much-delayed development of its VSA-100 chip, the successor to the Voodoo 3, has clearly proved costly. VSA-100 based products were originally slated to ship during autumn 1999, but will now not see light of day before spring 2000, a six-month slide that prompted Ballard's resignation. ®

Build a business case: developing custom apps

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
Class war! Wikipedia's workers revolt again
Bourgeois paper-shufflers have 'suspended democracy', sniff unpaid proles
'Aaaah FFS, 'amazeballs' has made it into the OXFORD DICTIONARY'
Plus: 'EE, how shocking, ANOTHER problem I face with your service'
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.