Monday, September 24th 2007
AMD Begins Cutting Costs, Stock Perks First to Go
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
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