Sunday, February 25, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG V30S ThinQ Smartphone With Integrated AI Debuts at MWC 2018
MWC: The Cat S61 Smartphone Measures Distances, Senses the Quality of Air
MWC: TCL Introduces Alcatel 5, 3 and 1 Smartphone Series, Android Oreo Smartphone and Tablets
IBM Researchers Talk About the Future of EUV at SPIE
Xiaomi and Microsoft Expand Their Collaboration in cloud, Devices and AI Areas
Google's Augmented Reality SDK ARCore 1.0 Released, Google Lens Updated
Google Assistant is Going Global
TEAC Releases New Reference Series Hi-Res Audio Models
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 Reports High Revenue on High GPU Demand
Nvidia to Work With Continental on Robocars
Chinese Automaker Chery to Use NVIDIA SoC for Level 3 Autonomous Cars
Nvidia Patches Graphics Cards For Spectre Flaw
CES: NVIDIA Launches Big Format Gaming Displays, NVIDIA DRIVE Xavier SoC, and More
NVIDIA Says New TITAN V GPUs Transform the PC into AI Supercomputer
NVIDIA GPU Cloud Now Available to AI Researchers
GPU Shipments in Q3: AMD Increased 8 percent, Nvidia Increased 30 Percent
Broadcom, Qualcomm and NVIDIA Remain Top Fabless IC Design Houses
NVIDIA Tesla V100 GPU Available in Volta-based Cloud Services
GPU Demand for Gaming and Datacenters Boost NVIDIA's Quarterly Profit
Star Wars Fans: Light And Dark-Side Collector's Edition NVIDIA TITAN Xp Graphics Cards are Available

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .