AMD has a comprehensive package of measures announced to reduce the cost. The chipbedrijf involves, among others, quite a cut in its workforce. About 10 percent of jobs worldwide is deleted.
The measure relates to more than 1000 jobs worldwide and is not focused on certain features. At the end of 2012 the reduction of the number of employees is a fact. The plan should have the costs for AMD the last quarter in 2011 return with $ 10 million, while in 2012, 118 million dollar savings would be. In total aims AMD committed $ 200 million savings in 2012. The measures will be largely in the last quarter of 2011 to be implemented.
AMD wants the cost to own say use to be able to invest in its strategy for the development of more efficient chips, processors for emerging markets and cloudproducten. The savings plan is the first major project that the new ceo of AMD, Rory Read, announcing. “The reduction of the costs and focus staff on key growth areas will be the competitive position of AMD strengthen and enable us in the future to accelerate growth,” said former Lenovo executive Read in the publication.