AMD’s new chief is making her mark quickly: By the end of 2014, the chipmaker will cut worldwide headcount by about 7 percent in a restructuring plan it hopes will put it on the path to improved profits.

The layoffs will start immediately and come just a week after AMD appointed former chief operating officer Lisa Su as the company’s CEO. She replaced Rory Read, who held the post since August 2011.

The company did not share specific plans about the restructuring or which parts of its business will be affected by layoffs. AMD employed 10,149 people at end of its third fiscal quarter on Sept. 27.

AMD has struggled over the last couple of years, reporting just a few quarters of profit. As a result of the layoffs and slashing costs such as real estate expenses, the company expects to save $9 million in the fourth quarter and around $85 million in fiscal 2015.

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