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AMD Begins Cutting Costs, Stock Perks First to Go

Discussion in 'News' started by zekrahminator, Sep 25, 2007.

  1. zekrahminator

    zekrahminator McLovin

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    As we all know, AMD has had a hard year thusfar. And so, AMD's move to cut costs is just short of expected. AMD employees, as of November 1st, 2007, will no longer be able to spend 20% of their salary on AMD stock at a 15% discount. Stock perks are not the only things we'll see leaving. There are noticeably fewer bonuses and charity-matchings this year, and there are a couple rumors of lay-offs.

    Source: The Inquirer
     
  2. pbmaster

    pbmaster New Member

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    AAH The Inquirer lol
     
  3. FatForester New Member

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    Yea, gotta love it. So... we still post news from them.. why? There should be a super tiny link to theinquirer instead of having to read past all this rumor-mill bloat. Engadget has a filter where you can take out all the pesky news about Apple. That's just me, but I have a definite bias towards both Apple and the Inquirer :laugh:
     
  4. EastCoasthandle

    EastCoasthandle New Member

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    If that was actually true that would be bad news. What company tells their employees not to invest with them that stayed in business?
     
  5. WarEagleAU

    WarEagleAU Bird of Prey

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    Well, with their problems in cash flow, its not unthinkable. But its not a killer either. So what if they lose stock options, more money for them in their pocket.
     

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