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.
"Nowadays, security guys break the Mac every single day. Every single day, they come out with a total exploit, your machine can be taken over totally. I dare anybody to do that once a month on the Windows machine." -- Bill Gates
Project Moonshot: HP's Secret ARM Servers Get Official
November 2, 2011, 12:27 PM
AMD's Q3 Profit Constrained by Manufacturing Problems
October 28, 2011, 8:29 AM
Former Lenovo President and COO Rory Read Tapped as AMD's New CEO
August 25, 2011, 12:51 PM
Rosewill Releases 3 New Powerline Networking Adapters
May 21, 2013, 4:29 PM
German Researchers Test 40 Gbps Wireless Broadband
May 21, 2013, 11:01 AM
Qualcomm, Samsung Push AMD to Fourth Place in Processor Market
May 21, 2013, 7:50 AM
Supermicro Looks to Shake Up Server Market
May 20, 2013, 9:00 PM
HiPerGator Supercomputer is Florida's Most Powerful Supercomputer
May 17, 2013, 7:08 AM
5/7/2013 Daily Hardware Reviews
May 7, 2013, 12:02 PM
Most Popular Articles
High School Student Creates Storage Device that Can Charge in 20 Seconds
May 20, 2013, 6:51 AM
Apples Tries to Use Decade-Old Patents to Ban Samsung Galaxy S IV
May 22, 2013, 3:00 PM
NASA Awards $125,000 Grant for 3D Printed Food on Long-Term Space Travels
May 21, 2013, 1:32 PM
Microsoft Announces Voice-Controlled "Xbox One"
May 21, 2013, 12:55 AM
Seawater Cooling Saves Data Center Big Bucks, Energy, Despite Jellyfish Issues
May 17, 2013, 3:23 PM
Latest Blog Posts
Lumosity: Does it Work?
May 22, 2013, 8:20 PM
Quick Note: Sony "Teases" PS4 Ahead of Xbox Reveal in New Video
May 20, 2013, 12:33 PM
Nokia Introduces Instagram-Like App of Its Own to Help Lumia Sales
May 20, 2013, 7:10 AM
Parents of Pre-Teen Drivers Commonly Practice Distracted Driving Says Study
May 9, 2013, 7:16 AM
Apple's iOS 7 Running Into Internal Delays Due to Massive Overhaul
May 1, 2013, 4:26 PM
More Blog Posts
Copyright 2013 DailyTech LLC. -
Terms, Conditions & Privacy Information