LayoffBlog.com

December 30, 2008

AMD reports more job cuts, higher restructuring costs

According to BizJournals: “AMD said in a regulatory filing on Monday that it cut about 100 more jobs than it originally targeted, resulting in higher than expected restructuring costs in the fourth quarter.

The Sunnyvale chip maker (NYSE:AMD) said it reduced its work force by 600 and will see $70 million in costs related to that move, instead of the 500-worker cut with $50 million in costs originally announced in November.”

AMD also said it isn’t through, saying in the filing that “further cost reduction actions will result in additional charges in the first half of fiscal 2009, which the company cannot estimate at this time”, according to New Mexico Business Weekly

Update: So the rumor we published earlier regarding possible additional layoffs at AMD is confirmed.

November 20, 2008

Bay Area companies see more jobs cuts

According to InsideBayArea.com: “About 40 percent of Bay Area companies intend to chop jobs during the coming six months, according to a new survey of local executives released Thursday that sketches a bleak outlook for the region’s economy.
Regional business owners have now become even more pessimistic than they were in the wake of the 9/11 terrorist attacks, according to the Bay Area Council’s quarterly survey of business confidence.”

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