AMD is to get rid of around ten per cent of its workforce as it prepares for a transformation scheme called Project WIN.
According to BSN, the job losses amount to around ten per cent of the workforce. Most of the losses will affect the marketing department, which will lose around 60 per cent of employees including VP of Marketing Patrick Moorhead, VP of Brand John Volkmann and Head of PR Dave Kroll.
“A decision to lay off fellow employees is never easy or taken lightly, but these reductions are a required step to remain competitive and ready the company for 2012,” wrote AMD’s recently appointed CEO Rory Read in an open letter to staff.
“To strengthen our market position, we have to rebalance our skillsets to better align with these market shifts and implement a more competitive cost structure. Our competitors are serious and significant, and we will take the required actions to beat them.
“All of the transformation work we have underway, like Project WIN, will help drive operational improvements, increase efficiencies and lower our operating costs, but we need to take additional action. A lower cost base allows us to be more competitive today and to invest back into the business to fuel our "attack" strategies in- low power, emerging markets and the cloud.”