AMD to cut jobs after ATI acquisition
Four weeks after beating Wall Street estimates for financial earnings, chip maker AMD will lay off 375 workers, according to published reports. The move will weed out redundant positions caused by AMD's acquisition of graphics chip maker ATI, analysts said. The layoffs were reported in various newspapers with information attributed to an AMD spokesman.
AMD has announced design wins for its chips on computers from vendors such as Dell and IBM in recent months, despite a raft of new processors launched by Intel. To keep that momentum rolling, AMD must increase its production capacity, said Martin Kariithi, an analyst with Technology Business Research.
