AMD Will Fire 10% Employees

AMD which is the eternal enemy of the world's Intel processor will Fire as much as 10% of total employees.

Through press release, CEO of AMD, Rory Read announced it would conduct an employee reduction of 10% or about 1,400 employees of the total employees who reach 12,000. Layoffs will be done globally that includes all divisions within the company, and the process is expected to be completed in Q1 2012.

Termination of employment by reason of operational cost efficiency. The dismissal of an employee will make AMD reduce operating expenses in Q4 2011 amounted to U.S. $ 10 million, and in 2012 amounted to U.S. $ 118 million. Besides the cancellation of several contracts performed well, and here and there efficiencies that will make operational cost savings totaled $ 200 million.

Funds obtained from savings is planned to be used in 2012 for the development of low-power processor technologies, cloud solutions, and also the penetration into emerging markets.

AMD's position is weakened along with the failure of AMD rival Intel Core i7 Zambezi, as well as the sluggish global PC market trends because the outbreak of Android tablet / PC - want-not-want to make AMD have to make layoffs in order to remain competitive.