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AMD global staff cuts won’t impact Oz

AMD global staff cuts won’t impact Oz

"At this point in time, the Australia team hasn't been affected"

The Australian AMD team is not expected to be impacted by the chip maker plans to globally restructure the company and shave off 10 per cent of its workforce.

“At this point in time, the Australia team has not been affected,” AMD A/NZ country manager, Brian Slattery, said in a statement.

As part of the global cuts, the chip maker will also terminate existing contractual commitments in a move to cut costs and focus its workforce on key opportunities to boost its competitiveness, AMD President and CEO Rory Read said in a statement.

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

The restructuring plan, including layoffs, is expected to save the vendor $US200 million in operating expenses next year, the company said. AMD plans to use most of that money to fund its strategies for lower power, emerging markets and the cloud, it said.

The restructuring will cost AMD some money too. In the fourth quarter, it expects restructuring expenses of $US101 million with an additional $US4 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.


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Tags restructuringlayoffsAdvanced Micro Devices (AMD)

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