AMD is implementing a massive “restructuring plan” in an effort to improve its competitive positioning.
”Reducing our cost structure and focusing our global workforce on key growth opportunities will strengthen [our] competitiveness and allow us to aggressively pursue a balanced set of strategic activities designed to accelerate future growth,” explained newly appointed AMD CEO Rory Read.
”The actions we are taking are designed to improve our ability to consistently address the needs of our global customer base and stake leadership positions in lower power, emerging markets and the cloud.”
Unfortunately, restructuring is a sterile euphemism for layoffs, with the company terminating approximately 10% (1,400) of its workforce.
A list compiled by Icrontic confirms the following employees have been let go: Director of the Products Group, senior engineer Carrell Killebrew; PR Manager Antal Tungler; PR Rep Bernard Fernandes; FirePro Product Marketing Managers Robert Miller and Lidia Gentilucci; Corporate VP of Strategy and Fellow Patrick Moorhead; Margaret Franco, VP of Marketing; and John Volkmann, Corporate Marketing Fellow.
According to Charlie Demerjian of SemiAccurate, the layoffs are likely to have a negative impact on AMD.
“Car
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