We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Nvidia to lay off 6% of workforce

360 employees to lose jobs

Graphics chip developer Nvidia plans to lay off 6.5 percent of its workforce, with around 360 people worldwide expected to lose their jobs by the end of October.

In a statement, Nvidia said the layoffs will allow it to continue to invest in strategic growth areas, including its CUDA (Computer Unified Device Architecture) parallel computing technology and its Tegra mobile single-chip computer. The move will also help the company become more competitive and boost its financial performance, it said.

The layoffs come about a month after Nvidia took a one-time charge of $196m against its second-quarter revenue to cover the cost of replacing bad chips used in HP and Dell laptops.

Nvidia also faces a lawsuit that was filed in California alleging that it hid a series of defects in its chips that caused the chips to fail.

The company did not indicate that the layoffs were related to the recent costs associated with replacing the bad chips.


IDG UK Sites

LG G4 review: Great price and camera but misses the mark in other areas

IDG UK Sites

Why Scottish Tablet is better than the iPad mini

IDG UK Sites

How to develop for Microsoft's HoloLens

IDG UK Sites

Apple MacBook 1.1 GHz review (Retina, 12-inch, Early 2015): The future of Apple laptops