Nvidia trims employee count

Nvidia Corp. will be enforcing a workforce reduction to sustain investment in strategic growth sectors. The company expects to eliminate approximately 360 positions worldwide, or about 6.5

percent of the company's global workforce. The reduction is expected to be completed by of Q3 of fiscal 2009 ending Oct. 26.

"Our action today is difficult, but necessary considering current business realities. Despite our reduction, we will continue to invest in selective high-growth opportunities like our revolutionary CUDA parallel computing technology and our Tegra mobile single-chip computer," said Jen-Hsun Huang, president and CEO of Nvidia. "We are taking fast action to enhance our competitive position and restore our financial performance. All of us at Nvidia are determined to emerge from these challenges an even stronger company."