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.

CHANNEL CHOICE: Vote Now for your favourite in the three categories: Vendor, Distributor and Reseller. Voting closes August 8.

Tags AMD

More about AMD

ARN Directory | Distributors relevant to this article

Comments

Comments are now closed

 

Latest News

02:17PM
Newcastle Council deploys TechnologyOne enterprise solution
11:44AM
Vodafone re-allocates 850MHz 4G spectrum a week after Telstra and Optus 700MHz l...
11:40AM
Sitecore tackles Western Australia with Velrada partnership
10:32AM
Email to make way for automation: KPMG
More News
05 Aug
Systems Technology Day - Build Your Own Private Cloud
06 Aug
Oracle Employee Experience Journey Mapping Workshops
20 Aug
Westcon Group Imagine 2014 - Melbourne
21 Aug
CAST 611 Advanced Penetration Testing
View all events