The merger of AMD and ATI is going to cost some people their jobs, it would appear.
Four weeks after beating Wall Street estimates for financial earnings, chip maker Advanced Micro Devices (AMD) will lay off 375 workers, reports say.
The move will weed out redundant positions caused by AMD’s acquisition Oct. 25 of graphics chip maker ATI Technologies, analysts said. It could also give AMD extra resources in its competition with rival Intel Corp. The layoffs were widely reported in newspapers, with information attributed to an AMD spokesman. AMD did not return calls seeking confirmation.
Source: InfoWorld
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