AMD staff cuts to hit Australia

Local workforce won't be immune to the nine per cent global staff cuts

Some of AMD's Australian staff will be axed

Some of AMD's Australian staff will be axed

AMD will cut a number of Australian staff as part of the company's global workforce slash.

Media reports from the US said the company would reduce its numbers by nine per cent across the globe, translating into about 900 staff. The beleaguered chip manufacturer will also slash the salaries of upper management.

In a statement, AMD’s local country manager, Caleb Leung, said the reductions would also apply to the Australian business and will occur over the first quarter of the calendar year, but declined to specify how many staff would lose their jobs.

“These actions, while difficult, will allow AMD to better navigate the economic conditions while protecting our core capability to execute our technology roadmaps and position AMD for long-term success,” the statement said.

Further details will be unveiled during AMD’s Q4 2008 earnings conference scheduled for January 22.

AMD struggled through 2008 and laid off 500 staff in November. However, its headcount has been slashed by more than 2000 in the past 12 months. The company also spun off its manufacturing operations last October. The vendor's last profitable quarter was Q3, 2006.

2015 State of The IT Channel Survey : IT'S TIME!!! Fill in this year's State of the IT Channel Survey and be in the running to win great prizes. CLICK HERE

Join the ARN newsletter!

Error: Please check your email address.

Tags AMD

More about AMD

ARN Directory | Distributors relevant to this article

 

Latest News

03:04PM
Optus records 480 Mbps download speeds to single user device
02:18PM
Inabox Group focuses on profitable business in 2016 financial year
02:01PM
Inmarsat and Airservices Australia trial new satellite tracking standard
03:00PM
Citrix unveils carrier-grade Cloud technology
More News
04 Mar
2015 International Women's Day Melbourne Luncheon
25 Mar
2015 International Women's Day Sydney Luncheon
26 Mar
Navigating the Internet of Things Summit
26 Mar
Navigating the Internet of Things Summit
View all events