NVIDIA cut 6, 5% of the staff

September 20, 2008, 2:21 pm

   NVIDIA Corporation announced plans to reduce about 360 jobs in its offices around the world, which corresponds to approximately 6 and 5% of the total. Exempted from the measure means the company intends to invest in the development of strategic directions. The reductions scheduled to take place during the third fiscal quarter, which ends with NVIDIA on 26 October calendar year. The expected cost associated with the reorganization during this period is estimated at 7-10 million dollars
Our decision - the difficult but necessary in light of current realities of the business - said in his speech Jen-Sun Huang (Jen-Hsun Huang ), President and CEO of NVIDIA. Among the advanced products that receive investment, was named the technology of parallel computing CUDA and odnochipovy computer Tegra.


• nvidia cut
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