According to the company, the “operational efficiency initiatives” were designed to strengthen the company's competitive positioning and allow it to focus on growing markets, such as low-power processors.
"Reducing our cost structure and focusing our global workforce on key growth opportunities will strengthen AMD's competitiveness and allow us to aggressively pursue a balanced set of strategic activities designed to accelerate future growth," said Rory Read, AMD president and CEO.
"The actions we are taking are designed to improve our ability to consistently address the needs of our global customer base and stake leadership positions in lower power, emerging markets and the cloud."
Details remain unclear, but industry estimates put the number of jobs to go at between 1,200 and 1,400 and AMD said the cuts would "occur across all functions globally." The process is expected to be substantially completed by the end of the first quarter of 2012.
AMD said it expected the lay-offs to result in savings of more than $120m by the end of next year, with another $90m expected to come from other unspecified operational savings.
This article originally appeared at pcpro.co.uk
