Sunnyvale, CA--September 26, 1996--AMD (Advanced Micro Devices; Sunnyvale, CA) announced a work-force reduction which will affect up to 200 employees. AMD employs 12,500 people worldwide.
Issues that were identified as a result of reviews included overlapping or redundant activities and skill sets that do not match current or future requirements. These concerns are being addressed by the work-force reduction.
A charge of up to $6 million will be taken in the current quarter to cover the cost of providing benefits to affected employees.
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