AMD Is Restructuring Again, Losing 7% Of Employees

AMD reported their Q3'2014 results yesterday and they weren't good for the company. AMD will be restructuring again and will be slashing their global headcount by about 7%.

AMD's Computing and Graphics segments were doing poor in the third quarter with AMD's overall revenue being down 2% year-over-year, their operating income at $63 million USD, and net income of $17 million at $0.02 EPS. Along with announcing their Q3 results came word they'd be restructuring the company in Q4 to reduce their global workforce by about 7%, or around 710 employees would be losing their jobs.

This job restructuring is to "better position the company for profitability and long-term growth." This news came down by AMD's new CEO, Lisa Su, that took the reigns earlier this month.

AMD's Q3'2014 results can be found via this news release. Hopefully their Linux-related developers won't see any cutbacks this time around seeing as two years ago they shed some Linux developers and closed their Operating System Research Center.