The Channel logo


By | Tony Smith 19th September 2008 09:57

Nvidia to axe 360 jobs

Money saved to be spent on SoC development

Nvidia is to rid itself of 6.5 per cent of its worldwide workforce, the graphics chip maker has admitted.

The cuts, which will see 360 Nvidia staff being handed redundancy notices, will have all been made by the end of October, when the chip maker's third fiscal quarter comes to a conclusion.

Nvidia's Q3 balance sheet will record a one-off cost of $7-10m to cover the cost of the job losses, which is as nothing to the $200m the company's had to set aside to ensure it can pick up the tab for the truckload of failed GPUs it admitted in July that it had shipped.

Those glitches have already affected Dell and HP. Dell recently extended the warranties with which it covers certain products, a direct result of Nvidia's problem GPUs.

Nvidia didn't associate this issue with the job cuts, instead saying it needed to make the headcount reduction "to allow for continued investment in strategic growth areas". It identified its Tegra system-on-a-chip and its CUDA parallel processing technology as two such strategic areas.

comment icon Read 2 comments on this article alert Send corrections


shutterstock_183801788_container ship

Chris Mellor

The SAN growth glory days are well and truly over, so where next?

Tom Whipp

Insurance industry insider tells all
Crypto fingers
Kids on wall. Pic: US Army/Capt Emily Skolozynski


Better to play nicely than try to muscle in on territory


Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire
The Seeing Eye by Valerie Everett, Flickr, CC2.0
Follow the money – or, at least, our projections
Boats storm girl photo via Nikolina Mrakovic
The puppets from Team America: World Police gather at a bar for drinks.