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Short: AMD to cut 200 employees

AMD announced today a layoff of up to 200 employees. The company did not specify where the cuts would come from but said the specific job cuts are intended to reduce overlapping or redundant activities. The company will take a one-time charge of up to $6 million in the current quarter to cover the cost of providing severance and other benefits to the employees involved. AMD employs 12,500 people worldwide.

AMD announced today a layoff of up to 200 employees. The company did not specify where the cuts would come from but said the specific job cuts are intended to reduce overlapping or redundant activities. The company will take a one-time charge of up to $6 million in the current quarter to cover the cost of providing severance and other benefits to the employees involved. AMD employs 12,500 people worldwide.