Dirk Meyer

Today in Tech: AMD CEO forced out, MySpace lays off 47%

January 12, 2011: 8:19 AM ET

A curated selection of the day's most newsworthy tech stories from all over the Web.

  • Photo: Jack Dabaghian/Getty Images

    Though AMD CEO Dirk Meyer officially resigned his position, some sources indicate he was forced out because the company's board felt he wasn't that effective in improving the chip maker's position in areas like tablets and server systems. CFO Thomas Seifert was named interim CEO while AMD searches for Meyer's long-term replacement. (Wall Street Journal)

  • Hot on the heels of the Verizon iPhone announcement yesterday comes news that the number one mobile carrier plans to sell a CMDA version of the iPad that runs directly off the network -- currently, Verizon sells WiFi editions bundled with MiFis -- though it declined to mention when that would happen. (Bloomberg Businessweek)
  • MySpace laid off 47% of its staff, or 500 employees, across all of its divisions yesterday. "Today's tough but necessary changes were taken in order to provide the company with a clear path for sustained growth and profitability," said MySpace CEO in a statement. "These changes were purely driven by issues related to our legacy business, and in no way reflect the performance of the new product.  The new organizational structure will enable us to move more nimbly, develop products more quickly, and attain more flexibility on the financial side." (MySpace) More
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