Layoffs hit Austin's high tech industry

[OhioChick]

10:35 PM CDT on Thursday, April 17, 2008

In January it was Applied Materials with 300 layoffs. Then on April 1st, computer giant Dell announced 900-layoffs.

On Thursday Advanced Micro Devices became the third high-tech powerhouse in Austin to announce layoffs of employees.

A.M.D. says it's laying off 420 employees worldwide, 215 of those are from right here in Austin.

"It's a necessary thing to do in order for us to become more efficient and to bring our costs more in line with our revenues and decrease our operating expenses" says Travis Bullard, a spokesperson for A.M.D.

http://www.kvue.com/news/green/stories/041708kvuelayoffs-bkm.745a8d6a.html