More effects of the economy wreaking havoc on tech companies- more to come…

Chip maker Advanced Micro Devices will shed 1,100 more jobs and cut salaries as it tries to reduce costs in a tough economic environment, the company said Friday.

The company will lay off 900 at all levels of its product business, and will shed a further 200 positions through attrition and by divesting its handheld business, according to spokeswoman Hollis Krym. The cuts affect 9 percent of AMD’s work force of 12,000, and come on top of hundreds of job cuts the company announced last year.

via AMD to cut 1,100 jobs and slash salaries across company | ITworld.