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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 215.00+0.7%Dec 22 3:59 PM EST

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To: Monica Detwiler who wrote (79644)5/7/2002 3:21:10 PM
From: PetzRead Replies (2) of 275872
 
Monica, if you had bothered reading the post before yours, you would have seen that AMD expected to lay off 1,000 workers in Austin, yet only 800 were laid off. Apparently a couple hundred were let go last quarter already, bringing the total to about 1000.

From September 2001 announcement:
These changes will result in the reduction of approximately 2,300 direct manufacturing and related administrative support positions, or approximately 15 percent of the Company's worldwide workforce, by the end of the second quarter of 2002. Approximately 1,000 of these positions are associated with closing Fabs 14 and 15 in Austin, Texas. The balance [1,300] of the reductions will result from reducing and restructuring activities primarily in Penang, Malaysia.

From current story:
AMD's job cuts will reduce its Austin employment to about 3,000 people, down from more than 4,000 a year ago.

Petz
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