AMD's Chief Technology Officer resigns
AMD confirmed on Friday that Phil Hester has resigned from his position of chief technology officer at the company.
Hester follows Dave Orton and Henri Richard who left AMD last July and September, respectively. AMD said that Hester is leaving on his own accord pursue other opportunities. There is no replacement for Hester at this time.
The announcement ends a week of not so great news for the chip maker. On Monday, AMD said that it would miss its Q1 revenue guidance by more than $100 million and cut approximately 10% of its staff. In a letter sent to employees, president and chief operating officer Dirk Meyer justified thsi move by stating the the company needs to bring its cost structure in line with its financial performance.
