Financial Times FT.com

AMD to cut 900 jobs as it moves to cut costs

By Chris Nuttall in San Francisco

Published: January 16 2009 20:57 | Last updated: January 16 2009 20:57

Advanced Micro Devices, the second largest maker of PC microprocessors, on Friday said it would cut 9 per cent of its workforce as it took steps to reduce costs in worsening economic conditions.

AMD said it would cut 900 jobs, which, combined with natural attrition and the sale of its handheld business, would take the cuts to its global workforce to 9 per cent or 1,100 positions in the current quarter.

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