Updated at 10:12 a.m. PST, with more information about AMD's financial performance.
Advanced Micro Devices announced Friday it would slash its workforce by 9 percent and institute temporary salary cuts, from its executive chairman on down to hourly workers.
AMD will cut 1,100 positions in the first quarter through attrition and layoffs, as one of its measures to cut costs during these recessionary times.
The chipmaker will also institute temporary salary cuts, with its CEO Dirk Meyer and Executive Chairman Hector Ruiz both taking a 20 percent cut. In the U.S. and Canada, executives that … Read more