Job cuts take place in all areas of AMD 4 November 2011Posted by computeraholic in Uncategorized.
AMD will lay off 10% of its workforce
American Advanced Micro Devices Inc. (AMD), the world’s second largest manufacturer of microprocessors, reported on Thursday, wants to break down about 10 percent of the global workforce in the context of a restructuring plan.
As stated in a press release, is to reduce costs with the restructuring plan and aligned the worldwide workforce to important growth markets. The operational savings will come in the fourth quarter of 2011 to $ 10 million and in the year 2012 to $ 118 million. The job cuts take place in all areas of the Group and should be largely completed by the end of the first quarter of 2012. On the basis of the restructuring plan, AMD expects that operating costs will be in the fourth quarter of 2011 to approximately 610 million US dollars.
In addition to the savings from the restructuring plan AMD through efficiency improvements will save$ 90 million in 2012, what next year to more than $ 200 million to grow the entire