Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

AMD sheds light on stacked DRAM APUs

AMD sheds light on stacked DRAM APUs

AMD is fast tracking stacked DRAM deployment and a new presentation leaked by the company  points to APUs with stacked DRAM,…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Intel launches new mobile Haswell and Bay Trail parts

Intel launches new mobile Haswell and Bay Trail parts

Intel has introduced seven new Haswell mobile parts and four Bay Trail SoC chips, but most of them are merely clock…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 04 November 2011 09:30

AMD to cut 10+ percent of workforce

Written by



Hopes to save money for investments


Chip designer AMD has announced plans to eliminate about ten percent of its workforce as part of a comprehensive restructuring program.

The layoffs will affect all businesses and levels of the company and AMD believes the effort will cost $105 million in Q4. However, AMD hopes to save about $200 million in operating expenses in 2012.

Newly appointed AMD CEO Rory Read is apparently looking to boost profitability and he has already told investors that AMD needs to work on execution and avoid costly delays in the future.

AMD currently employs more than 12,000 souls. Some sources claim that the cuts will eliminate up to 1,400 jobs, including about 300 at the company’s headquarters in Austin.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments