Chipmaker Advanced Micro Devices plans to cut 10 percent of its workforce, or about 1400 jobs, as it grapples with issues that include manufacturing glitches and a failure to penetrate the hot mobile-device market.
The move is part of a US$105 million restructuring plan set to save more than $200 million in operating costs in 2012.
AMD said it would plough some of the savings into newer business areas, including chips for devices such as tablet-style computers, in emerging markets and Internet-related cloud computing opportunities.
The job cuts affect some prominent managers as well as lower-level employees at the company. One victim is Patrick Moorhead, a corporate vice president who was a frequent mouthpiece in AMD’s long-running competition with Intel.
