AMD has great people, and by working together we empower our customers with differentiated, innovative computing solutions.
We also have an unwavering commitment to corporate responsibility. While AMD and other companies in our industry adapt to fundamental shifts in the technology market, our culture, our people and our indomitable drive to win remain rock solid.
Corporate responsibility is at the core of AMD’s culture. We care deeply about people and our planet, and this caring attitude is woven into everything we do. We call this the “The AMD Way.”
This approach isn’t just a moral imperative for AMD; it’s also as a key business differentiator. We know that how we run our business is just as important to our customers, shareholders and stakeholders as the innovative products we deliver. We also know that our employees are motivated and inspired by contributing to social and environmental causes. For these reasons and more, we have been leaders in the responsibility arena for many years now.
In 2012, AMD experienced the beginning of a fundamental shift that is redefining the landscape of our industry. While these sweeping changes present AMD with a range of exciting growth opportunities, our financial results were impacted. In 2012 and early 2013, we had to take the tough but necessary step of reducing our global workforce as part of a restructuring plan designed to reduce AMD’s operating costs and return the business to profitability. We will never get accustomed to seeing valued co-workers leave the company – nor should we want to – but these are necessary steps to return our business to profitable growth. AMD offered eligible employees severance packages and made every reasonable effort to reduce the hardships on impacted employees, such as providing continued health care coverage and career transition services.
AMD remains committed to ethical business practices and cultivating a supportive, productive work environment. Externally, we will continue to be good neighbors in our communities, engage with our stakeholders openly and honestly, and help protect the environment by ensuring that our suppliers meet the same high level of expectations we hold ourselves accountable to.
I am pleased to share our 18th annual corporate responsibility report. In it, you will find numerous examples of AMD employees who go above and beyond to help others and to preserve our environment. As always, we welcome your input and questions.
AMD CEO and President