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Layoffs: AMD, LinkedIn, Veoh

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Nov 6, 2008 

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Kathleen  |

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Layoffs: AMD, LinkedIn, Veoh

ADOTAS – Chipmaker AMD reduced its workforce by 3%, or roughly 500 staffers. In April, the company laid off 10% of its staff.

LinkedIn has announced that it’s cutting 10% of its staff (about 36 jobs). LinkedIn recently raised $22.7 million in funding (in June it raised $53 million).

Veoh, an online video-sharing site, also announced layoffs – roughly 20% of its staff, or 20 people. While revenue for the company is reportedly growing, the gloomy economic forecast was blamed on the cuts. In June, Veoh received a $30 million round of funding.

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