"Meanwhile, we are weathering a monster of an economic storm, one that requires additional swift action and some very difficult decisions. First, we are going to have to further reduce our headcounts and our budgets immediately, to help meet a new, lower breakeven target. More specifically, our current plan is to reduce our headcount by approximately nine percent of AMD’s ‘product company’ headcount in the first quarter through a combination of attrition, previously communicated divestitures, and a reduction in workforce. These reductions will be primarily focused on manufacturing and sales, marketing, and general and administrative functions, while limiting R&D reductions wherever possible."

"Beginning in February, I will be taking a temporary reduction of 20 percent in base salary. In the U.S. and Canada, we will implement similar salary reductions of 15 percent for VPs, 10 percent for all other non-overtime eligible employees, and 5 percent for all overtime-eligible employees. Outside North America, I am asking all AMDers to take comparable pay cuts – the details of which will be determined with local management next week. "