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.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
AI Flooding the Linux Kernel Security Mailing List
AI is giving Linus Torvalds a headache, but not in the way you might think.
-
Top Priorities for Open Source Pros Seeking a New Job
Professional fulfillment tops the list, according to LPI report.
-
Container-Based Fedora Hummingbird Designed for Agent-First Builders
Fedora Hummingbird brings the same approach to the host OS as it does to containers to level up security.
-
Linux kernel Developers Considering a Kill Switch
With the rise of Linux vulnerabilities, the kernel developers are now considering adding a component that could help temporarily mitigate against them… in the form of a kill switch.
-
Fedora 44 Now Gaming Ready
The latest version of Fedora has been released with gaming support.
-
Manjaro 26.1 Preview Unveils New Features
The latest Manjaro 26.1 preview has been released with new desktop versions, a new kernel, and more.
-
Microsoft Issues Warning About Linux Vulnerability
The company behind Windows has released information about a flaw that affects millions of Linux systems.
-
Is AI Coming to Your Ubuntu Desktop?
According to the VP of Engineering at Canonical, AI could soon be added to the Ubuntu desktop distribution.
-
Framework Laptop 13 Pro Competes with the Best
Framework has released what might be considered the MacBook of Linux devices.
-
The Latest CachyOS Features Supercharged Kernel
The latest release of CachyOS brings with it an enhanced version of the latest Linux kernel.