AMD fires 9% of staff

[Soleron]

Darc Requiem said:

famousringo said:
You know what's really refreshing about this story? Upper management taking a pay cut along with labour, and a steeper cut at that. It's nice to see the honchos taking some responsiblity, even if it is cold consolation to those who lost their jobs.

I hope AMD pulls through. I've gotta respect a corporate culture like that.

Yeah I've heard of such practices being a staple of Japanese business culture. Never thought I'd see a western company inact similar policies.

 

They're desperate. They need their staff to produce an R&D miracle to beat Intel from behind, on a budget a tenth the size, as fast as possible. The paycut would hurt morale unless the CEO made it look neccessary by taking one himself.