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Entries from January 2009

Microsoft Plans to Cut 5,000 Jobs

January 22nd, 2009 · No Comments

Microsoft stunned its investors on Thursday, announcing the first broad layoffs in its history and offering a pessimistic forecast for the second half of its fiscal year.
Rather than issuing its second-quarter results in the customary fashion after the market closed, Microsoft rushed out the news Thursday morning that it will lay off up to 5,000 […]

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AMD announces layoffs and pay-cuts

January 20th, 2009 · No Comments

Silicon Valley chipmaker Advanced Micro Devices will eliminate 1,100 jobs - roughly 9 percent of its workforce - in the first quarter, according to a report on Marketwatch. The company also said it will suspend its 401(k) match for employees and that executive chairman Hector Ruiz and CEO Dirk Meyer each will temporarily take a […]

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Tags: Techie news