Micron and AMD cut jobs

Both [URL=http://money.cnn.com/2003/02/19/technology/micron.reut/index.htm]Micron[/URL] (owner of Crucial) and [URL=http://news.com.com/2100-1001-985342.html?tag=fd_top]AMD[/URL] announced today they would be cutting jobs in order to lower operation costs.

In the case of Micron, they will be laying off about 10 percent of their worldwide work force, that results in 1,800 people losing their jobs, unfortunately. Micron currently stands as the 2nd largest computer memory manufacturer.

AMD, in the other hand, will reduce its work force by about 1,550 positions worldwide. The reductions come as part of a cost-cutting plan launched last October, which aims at lower the company's expenses and return to profitability before the end of the year.