AMD lays off 500 people

Yet another big, successful company feels the crunch; 500 people were eliminated from AMD’s worldwide operations today, although AMD did not say what jobs were cut or where. We haven’t heard similar announcements from the other major players in AMD’s game, Intel and NVIDIA; the former may be banking on the its new Core i7s to buoy earnings, the latter probably made a packet on the Apple deal.

That’s two blows against the embattled AMD, which is having trouble competing despite the excellent performance of the 4800 series of video cards. It may also have something to do with the company splitting in two, although that wouldn’t jive with their stated goal of “eliminating duplication of efforts.” Good luck to those given the boot.