Tough times continue to plague AMD and its employees. While Intel gears up for its Core i7 launch in just ten days, AMD is busy crunching numbers trying to figure out how to get its finances in order following almost two years of losses. Unfortunately for the chip maker and its employees, the despairing numbers add up to more job cuts.
AMD has already reduced its workforce by 10 percent earlier this year, and now the company says it will be cutting another 500 jobs to reduce costs and be more competitive with Intel. Once the pink slips are handed out, AMD will be left with a global workforce 15,000 strong.
"Today's announced headcount reduction is an unfortunate but necessary part of this process," AMD spokesman Micheal Silverman said, "to help us align our people with the focused programs that achieve our objectives, eliminate duplication of efforts, and allow us to operate more efficiently."
Silverman went on to hint that more job cuts might be forthcoming, saying the chip maker "will continue to assess AMD's programs, activities, and staffing needs" in 2009.