Quick Note: AMD To Trim Workforce by 10%, Expects $200M Operational Savings
November 3, 2011 9:35 PM
comment(s) - last by
"Good luck with your layoffs, all right? I hope your firings go really well."
In August, AMD announced that it was getting making former Lenovo President and COO Rory Read its
new President and CEO
. At the end of October, AMD announced that its net income of $97 million was
constrained by yield issues with its 32nm manufacturing process
Now the company has announced that it will axe 10 percent of its global workforce as a part of a new restructuring plan that will eventually save $200 million in operational expenses for calendar year 2012. AMD also plans to sever some of its contractual obligations to save money.
"Reducing our cost structure and focusing our global workforce on key growth opportunities will strengthen AMD's competitiveness and allow us to aggressively pursue a balanced set of strategic activities designed to accelerate future growth," said Read.
The restructuring plan will also allow AMD to focus more on cloud computing, emerging markets, and low-power systems. The focus on lower power consumption is a key as companies like HP are
now looking to low-power ARM architecture
for upcoming server products, which could spell trouble for traditional x86 processor manufacturers like AMD and Intel.
This article is over a month old, voting and posting comments is disabled
RE: AMD needs to get their ducks in order
11/4/2011 5:00:51 AM
You would think AMD would be hiring more people after ... bulldozer [sorry, words fail me at what a boondoggle it is -- I was hoping for better, but at the very least, not quite-poor].
I'm not so sure I'd fire the engineers responsible for BD, although it does border on incompetence to let the design get that bad, that far. But it is also an expensive lesson for them. I think, now, Meyer saw the writing on the wall and ultimately took responsibility. Though without strong leadership AMD now simply concedes the Halo to Intel as far as performance CPU's. There's a business case to be made for dogging the heals of your competition -- even though it's common knowledge Intel's process technology is unparalleled.
And like you said, complaining about windows is dum, with a "b". Write a software work-around. Hard, but not infeasible. Unless your firing engineers and keeping lawyers. [Which appears to be Apple and MSFT's stragedy].
Perhaps it is a corporate culture of accepting half-ass solutions? or CYA? Although Llano has merit, so that's not really it.
AMD needs what we used to call a come-to-Jesus meeting and get their situation figured out. Fast. [Of course, this whole country does, but that's another story].
Hire some engineers away from Intel, if nothing else.
"What would I do? I'd shut it down and give the money back to the shareholders." -- Michael Dell, after being asked what to do with Apple Computer in 1997
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