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AMD to Lay Off 4% of Workforce
AMD to Lay Off 4% of Workforce, Aiming to Realign for Growth in the AI Chip Market as Rival...
AMD plans to lay off 4% of its workforce, about 1,000 employees, as part of its strategy to strengthen its position in the AI chip market, which Nvidia currently dominates. This decision aligns AMD’s resources with high-growth areas,
AMD lays off 4% of its workforce
AMD has confirmed that it’s laying off 4% of its workforce to focus on “large growth opportunities.” It’s unclear how many workers have been impacted by the reduction — and which divisions. AMD had roughly 26,000 employees as of last year, according to the company’s annual 10-K filing. Four percent would translate to approximately 1,000.
AMD to cut 4% of global workforce as it focuses on AI chip development
Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs efforts towards developing AI chips in a bid to compete against industry bellwether Nvidia .
9h
AMD is laying off over 1,000 staff, as gaming GPU revenue plummets
The workforce is being cut by 4%, after poor sales from its gaming division, which makes AMD Radeon graphics cards, plus PS5 ...
Game Rant
7h
AMD Hit With Layoffs
AMD, the maker of graphics cards for PC as well as Xbox and PlayStation chips, announces that it's laying off some of its ...
1d
on MSN
Where Will AMD Stock Be in 5 Years?
The chipmaker has delivered solid gains in the past five years, and a closer look at its prospects indicates more possible ...
6d
AMD Surpasses Intel On Datacenter Sales
Tom’s Guide reports that while Intel Xeon processors have traditionally powered a lot of servers, AMD’s EPYC lineup is ...
EconoTimes
1d
AMD Cuts 1,000 Jobs Amid Declining Gaming Sales and Lower-than-Expected Revenue Outlook for Q4
AMDs global workforce sees a 4% reduction after the companys Q3 results fell short of expectations, driven by a dramatic 69% ...
2d
AMD: Lagging AI Growth Shouldn't Last
Advanced Micro Devices, Inc. is still working to tap into the big AI chip opportunity. Click here to read why AMD stock is a ...
Benzinga on MSN
7h
AMD to Lay Off 4% of Workforce, Aiming to Realign for Growth in the AI Chip Market as Rival Nvidia Holds Majority Market Share
AMD plans to lay off 4% of its workforce, about 1,000 employees, as part of its strategy to strengthen its position in the AI ...
The Register on MSN
1d
AMD axes 4% of staff while staring hungrily at AI, servers
LLM, LLM on the wall, who will be laid off first of all? AMD has confirmed plans to cut approximately four percent of its ...
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