Feeds

AMD details job cuts

More than expected

Internet Security Threat Report 2014

AMD laid off 600 people in the fourth quarter of 2008, rather than the 500 it expected to let go.

Severance payments and other benefits will cost the chip maker $34m, $13m will be spent on ending contracts and programs, $17m has been written off the value of its assets and $6m will be spent on closing factories and offices. In total AMD told the Securities and Exchange Commission it will spend $70m rather than the expected $50m on its cost-cutting plan.

There will be further charges in the first half of 2009 but AMD doesn't yet know how much these will cost.

AMD said it was writing down the value of the goodwill connected to its acquistion of ATI in 2006 in light of its falling share price. The company will work out how much this has cost it and tell the SEC if it is a material charge.

AMD's SEC filing also revealed it is writing off $20m relating to its investment in Spansion. ®

Intelligent flash storage arrays

More from The Register

next story
Chipmaker FTDI bricking counterfeit kit
USB-serial imitators whacked by driver update
Xperia Z3: Crikey, Sony – ANOTHER flagship phondleslab?
The Fourth Amendment... and it IS better
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Microsoft to enter the STRUGGLE of the HUMAN WRIST
It's not just a thumb war, it's total digit war
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.