Chip Manufacturer AMD Announces Job Losses
In a announcement made to the Securities and Exchange Commission (SEC) chip manufacturer AMD attributes job losses to poor figures in this quarter.
Prior to publishing its figures for the quarter April 17, AMD reported to the SEC that its turnover had dropped by 15 percent compared to Q4 2007. AMD attributes this to poor results across all of its divisions. Turnover had been below the pessimistic forecast AMD had published.
AMD has now announced job losses to compensate for these figures. The company, which is located in Sunnyvale, CA, currently employs some 16,500 staff world wide. Ten percent of staff will be made redundant by the end of Q3. The manufacturer has budgeted the costs this involves for Q2, although AMD has told the SEC that it is currently unable to calculate the exact cost of the redundancies.
Issue 171/2015
Buy this issue as a PDF
News
-
Intel Unveils Compute Stick
Four-inch-long computer on a stick lets you boot a full Linux system from any HDMI display device.
-
Obama Proposes Personal Data Notification Law
New statute would require companies to report break-ins to consumers.
-
TGXf Project Warns of File Transfer through Screen Pixels
Weird data transfer technique avoids all standard security measures.
-
Industry Giants Announce a Fix for the Password Mess
FIDO alliance declares the beginning of the end for old-style login authentication.
-
Poll: Vote for the Best Open Source Software for Photographers
The Linux New Media Awards have honored the most significant products, projects, people, and organizations for open source/Linux every year since 2000.
-
Debian Gets Forked
Legendary Uber-distro splits over the systemd controversy.
-
Linux Mint Project Releases Mint 17.1
New LTS version offers many refinements for the Cinnamon and Mate desktops and significant improvement under the hood.
-
CeBIT Open Source Forum Call for Papers
One of CeBIT’s most successful forums returns in 2015.
-
TOR Network Isn’t So Anonymous
A new study says it is possible to unmask 81% of TOR users.
-
.NET Goes Open Source
Redmond joins the revolution by turning the .NET Core Runtime into a GitHub project.