Sunday, May 29, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Nvidia's GeForce GTX 1080 Launches Wordlwide
Corsair Bulldog PC Is Seeking A Place In Your Living Room
Samsung Galaxy C5 and C7 Released In China
SSD Adoption in Notebooks To Increase This Year As TLC NAND Market Matures
Samsung To Launch SamsungPay Mini Online Payments App
Facebook Publishers To Show Ads To Everyone
Samsung and Warner Bros. Release The Samsung Galaxy S7 edge Injustice Edition
Acer At Computex 2016
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Graphics Cards > Nvidia ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, September 19, 2008
Nvidia Announces Workforce Reduction


Nvidia today announced a workforce reduction to allow for continued investment in strategic growth areas.

As a result, NVIDIA expects to eliminate approximately 360 positions worldwide, or about 6.5 percent of the Company?s global workforce. The reduction is expected to be completed by the end of the third quarter of fiscal 2009 ending October 26, 2008. The company said that it would provide employees affected by this reduction with severance packages, counseling, and job placement services.

"Our action today is difficult, but necessary considering current business realities. Despite our reduction, we will continue to invest in selective high-growth opportunities like our revolutionary CUDA parallel computing technology and our Tegra mobile single-chip computer," said Jen-Hsun Huang, president and CEO of Nvidia. "We are taking fast action to enhance our competitive position and restore our financial performance. All of us at NVIDIA are determined to emerge from these challenges an even stronger company."

The company expects to record restructuring-related charges of approximately $7 million to $10 million in the third quarter of fiscal 2009 in connection with the reduction. These pre-tax charges are comprised of severance and related expenses and are expected to be charged primarily against Nvidia?s operating expenses.


Previous
Next
Sony, Panasonic, Samsung Offer BD Live Players For $399        All News        Yahoo to Include Rhapsody Songs in Yahoo Search
GeForce 178.13 WHQL Drivers Released     Graphics Cards News      AMD Catalyst v8.9 Released

Get RSS feed Easy Print E-Mail this Message

Related News
Nvidia's GeForce GTX 1080 Launches Wordlwide
Nvidia Enjoys Growth in Its Fiscal First Quarter
NVIDIA GeForce GTX 1080 and GTX 1070 Bring The Pascal Architecture And The GP104 GPU
NVIDIA And Samsung Agree to Settle IP Litigation
Nvidia 2016 GPU Technology Conference Is About Artificial Intelligence
NVIDIA Focuses On GPU Computing With New Software Tools
NVIDIA Quadro M6000 GPUs For Notebooks Released
Nvidia's GeForce GTX ENERGY Drink Will Keep You Gaming On
NVIDIA Quadro M6000 24GB Released
Game Studios To Support NVIDIA VRWorks
Nvidia Launches New Laptop GPUs
Computex To Mark The Launch of AMD's New Polaris And Nvidia's Pascal GPUs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .