AMD CEO wants substancial job cuts

TechEye claims AMD's new CEO Rory Read hopes to turn the tide via a total restructuring and making some of the most substantial cuts to staff that the firm has seen.

Determined to make his mark on the outfit Read has been sharpening his axe and looking for necks to try it out on.

There have been rumours floating around that AMD is gearing up to give a load of executives the boot. However, TechEye deep throats have told us that the extent of cuts is likely to be more far ranging than a few of yesterday's CEO's pets. Read has his eye on a total restructuring, which is fairly likely to ruin a lot of people's Christmas, our source said.

There is no word on a time scale for this.