Advanced Micro Devices Inc. tries to minimize its expenses by firing nearly 1,400 workers because of a weak computer market and manufacturing delays. The said problem has hurt the world’s second-biggest maker of microprocessors for PCs.

The layoffs announced Thursday amount to around 12 percent of the company’s 12,000 workers and were among the first significant move by AMD’s new CEO, Rory Read, who got hired from Lenovo Group in August. The cuts are going to unfold over the following five months.