AMD Reduction in Force Will Affect Approximately 250.SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 5, 1996--AMD today announced a workforce reduction that will affect approximately 250 employees. The company employs 12,400 worldwide. AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. said the action was necessary to reduce its fundamental cost structure and to align skill sets with anticipated future needs. A charge of up to $8 million will be taken in the current quarter to cover the cost of providing benefits to affected employees. WORLD WIDE WEB: Press announcements and other information about AMD are available on the Internet via the World Wide Web. Type http:/www.amd.com at the URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. prompt. -0- Note To Editors: AMD, the AMD logo and combinations thereof are trademarks of Advanced Micro Devices Inc. CONTACT: Advanced Micro Devices Scott Allen Scott Ethan Allen (born February 8, 1949 in Newark, NJ) was an American figure skater. He won the gold medal at the U.S. Figure Skating Championships twice and won a bronze medal at the 1964 Winter Olympics two days before his 15th birthday, becoming the youngest medalist at the , 408/749-3311 (Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most ) Internet: scott.allen@amd.com Toni Beckham, 408/749-3127 (Investor Relations Investor relations The process by which the corporation communicates with its investors. ) |
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