AMD to lay off 10 percent of global workforce

The move comes after manufacturing issues impacted AMD's third-quarter revenue

AMD plans to lay off 10 per cent of its global workforce and will terminate "existing contractual commitments" in a plan to cut costs, the company announced Thursday.

Reducing costs and "focusing" its workforce on key opportunities will boost AMD's competitiveness, AMD President and CEO Rory Read said in a statement.

The restructuring plan, which includes the layoffs, should save US$200 million in operating expenses next year, the company said. The company plans to use most of that money to fund AMD's strategies for lower power, emerging markets and the cloud, it said.

The layoffs will hit workers across all functions globally and are expected to happen by the first quarter next year.

The restructuring will cost AMD some money too. In the fourth quarter, it expects restructuring expenses of $101 million with an additional $4 million in expenses occurring next year.

AMD has had trouble recently since its manufacturing partner, GlobalFoundries, which was spun out of AMD in 2009, had problems manufacturing a new kind of chip for AMD. The issues led to a short supply of AMD's Fusion chips and impacted the company's third-quarter revenue.

Nancy Gohring covers mobile phones and cloud computing for The IDG News Service. Follow Nancy on Twitter at @idgnancy. Nancy's e-mail address is

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags business issueslayoffsAdvanced Micro DevicesComponentsprocessors

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Nancy Gohring

IDG News Service
Show Comments

Most Popular Reviews

Deals on Good Gear Guide

Deals on Good Gear Guide

Latest News Articles


GGG Evaluation Team

Kathy Cassidy


First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni


For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell


The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi


The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott


My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.


Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?