AMD cutting jobs in US

Chipmaker Advanced Micro Devices (AMD) is axing 430 staff in an effort to cut costs, it said last week.

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By  Administrator Published  May 17, 2007

Chipmaker Advanced Micro Devices (AMD) is axing 430 staff in an effort to cut costs, it said last week.

The vast majority of reductions will take place in the US, affecting all departments of the company, including sales, marketing and administration.

The cuts come just weeks after the world's second largest manufacturer of microprocessors saw quarterly profits drop 30% year-on-year to US$611million and revenues decline 7% to US$1.23 billion.

Dirk Meyer, AMD president and CEO, hinted at the time job cuts could be on the cards, telling analysts there would be "some significant adjustments to our business model".

In addition to the staffing review, executives said AMD planned to simplify its sales and marketing teams, restore its value in the channel and renew its focus on gaining new customers and expanding its portfolio with existing customers.

Last November AMD cut 375 staff after its acquisition of ATI Technologies.

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