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AMD to cut 5% of their workforce

AMD to cut 5% of their workforce

AMD to cut 5% of their workforce

AMD to cut 5% of their workforce

 

It looks like AMD are going to be cutting 5% of their workforce as a new company restructuring plan comes into affect. This restructuring plans comes as part of AMD plan to simplify the business and place more resources around it's priorities and on customer relationships. 

AMD's focus into the future will be to build great products and to bring the company back into profitability within the next two years, as their new Zen architecture CPUs and Arctic Island GPUs come to market. With big changes in both AMD CPU and GPU architectures and a big process node change coming next year AMD has never had a better chance to bounce back, though the company still has a difficult road ahead of it.  

  AMD to cut 5% of their workforce   (Right now AMD faces tough competition from both Intel and Nvidia)

 

As part of the companies planned restructure 5% of the companies workforce will be cut and also will consolidate their real estate facilities. The planned restructure will save the company an anticipated $52 million in the 2016 fiscal year. 

Right now AMD is in a very tough situation, though they have a great opportunity to bounce back as they move into the future. With recent innovations with HBM on the GPU side, a whole new CPU architecture and a promised 2x increase in efficiency for next generation GPU AMD has a good chance of becoming industry leaders, or at least become highly competitive with both Intel and Nvidia. 

The next year is going to be one of the most interesting years when it comes to the enthusiast PC market, so we at OC3D are very much looking forward for what AMD has in store for us. 

 

You can join the discussion on AMD cutting 5% of their workforce on the OC3D Forums

 

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Most Recent Comments

02-10-2015, 10:03:13

dwatterworth
I think AMD is still very impressive despite all their financial issues. To be able to remain very competitive in the GPU market, maintain reasonable gains on APU performance and the promise of an aggressive new CPU architecture while having such a cut-back budget is very admirable.
I'm a sucker for the perpetual underdog though.Quote

02-10-2015, 11:27:51

Zoot
Not good for AMD. Zen really can't come soon enough.

Too bad based on what people from AMD themselves said, it looks like it could be 2017 instead of 2016.Quote

02-10-2015, 13:51:07

Wraith
Maybe a ceo and managerial wage rethink would be a better option, all these lay offs are disheartening I can't help but feel sorry for all those about to lose their jobs for the sake of progress.Quote

03-10-2015, 02:35:24

NeverBackDown
Quote:
Originally Posted by Wraithguard View Post
Maybe a ceo and managerial wage rethink would be a better option, all these lay offs are disheartening I can't help but feel sorry for all those about to lose their jobs for the sake of progress.
AMDs layoff is nothing in comparison to MS's layoff. They laid off some 20,000 people earlier this year iirc and plan on cutting 7,000 more from the mobile department or something along those lines.

Still letting your engineers go in there position, not good at all.Quote
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