AMD sacks 10% staff
By Techgirl

Chipmaker AMD has announced that it will let go 10 percent of its staff.  It never amazes me on how the PR machine of big business finds nice ways to couch bad job losses.

The AMD press release about the sackings was titled ‘AMD Optimizes Cost Structure to Enhance Competitiveness and Accelerate Growth’ and it spoke of ‘Operational savings of more than $200 million in 2012 designed to accelerate future growth in lower power, emerging markets and the cloud ‘

AMD expects that the restructuring plan will result in operational savings, primarily in operating expense, of approximately $10 million in the fourth quarter of 2011 and $118 million in 2012, primarily through a reduction of its global workforce by approximately 10% and the termination of existing contractual commitments. The workforce reduction will occur across all functions globally and is expected to be substantially completed by the end of the first quarter of 2012.   Based on anticipated savings from the restructuring plan, AMD expects fourth quarter 2011 operating expenses will be approximately $610 million.

Techgoss note:  Techgirl is a senior Tech journalist who reports on the IT, KPO and KPO Sectors for a leading media house.  In her spare time, she dabbles in satire in her blog techgirltalk.blogspot.com.  Techgirl has been ejected from Twitter for satirizing an Indian Minister.  Her satire blog has links to her Times of India interview detailing her being kicked out of Twitter, and then being invited back.