More cuts: AMD to reduce global workforce by 5%
by from Techreport on (#P6C8)
AMD plans to reduce its global workforce by about 5%, according to a Form 8-K filing that became public today. The layoffs are part of a larger restructuring plan that includes the outsourcing of functions like IT services and application development, as well as the consolidation of some of the company's real estate assets.
As part of the restructuring, AMD expects to take a charge of about $42 million, $41 million of which will be recorded in the third quarter of the company's fiscal year 2015. The filing says about $31 ...