[Reuters] AMD to slash 1,100 jobs, cut executive salaries

Posted by: UGN Security

[Reuters] AMD to slash 1,100 jobs, cut executive salaries - 01/16/09 11:07 AM

NEW YORK (Reuters) - Advanced Micro Devices Inc said on Friday it will cut 1,100 jobs and reduce employee salaries by as much as 20 percent for top executives due to the weakening economy.