AMD plans to lay off at least 10 percent of their workers by the end of the first quarter of 2012. The end to approximately 1,400 jobs is a money-saving move for the company. Job reduction is expected across all departments and will affect workers globally. With a less than stellar third quarter posting, the company is scrambling to find ways to reduce their expenses.AMD's production partner GloblalFoundries is mostly to blame for the company's current predicament, according to InfoWorld. When GlobalFoundries was unable to produce enough Fusion chips, the company quickly saw a downward turn in revenue. The layoffs scheduled over the next five months are projected to save the company approximately $200 million in 2012. While the savings projected looks amazing, the expense restructuring alone will cost the company $105 million by the end of 2012.
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