Feeds

AMD boots (another) 500 workers

Vows profits

  • alert
  • submit to reddit

Business security measures using SSL

AMD has cut another 500 employees, vowing a return to the days when it actually made money.

As reported by The AP, the shrinking chip maker said it would axe 3 per cent of its workforce on Wednesday, less than eight months after its last round of heavy layoffs. In April, 1,600 souls were let loose

AMD had not responded to requests for comment as of the time of writing. But according to The AP, the cuts will affect all AMD departments save the company's manufacturing operations - which will soon be spun off into a separate operation.

The creation of The Foundry Company is another desperate effort to save cash. The new company is a joint venture with the Advanced Technology Investment Company (ATIC), an investment arm of the Abu Dhabi government.

AMD posted a $67m net loss in third quarter - and that's a big improvement over Q2, when it lost $1.19bn. Over the past two years, Chipzilla's whipping boy has lost of total of $5.6bn. ®

Update

An AMD spokesman has confirmed the layoffs.

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.