AMD Announces 1,100 Job Cuts
AMD Announces 1,100 Job Cuts
The chip company had already warned investors that its profits are likely to be lower than expected this year, and has made two previous rounds of job cuts. The company now intends to cut salaries as well.
Those expecting lighter pay packets in the coming months include chief executive Dirk Meyer and chairman Hector Ruiz, who will see their wages cut by 20 per cent.
The company said that the reductions are temporary, but did not specify how long they were expected to last.
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