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AMD to Cut 4% of Global Workforce
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 .
AMD Says It’s Laying Off 4 Percent Of Workforce Amid AI Chip Push
AMD confirmed to CRN that it’s laying off roughly 4 percent of its workforce to focus on its ‘largest growth opportunities,’ which includes its effort to challenge Nvidia.
AMD will lay off nearly 1,000, or 4% of staff, as AI competition heats up
AMD said today it will lay off 4% of its global staff, or perhaps somewhat less than 1,000 of its estimated 26,000-person workforce.
2h
AMD to cut about 1,000 jobs, 4% of staff, so it can double down on AI opportunity
AMD’s struggles to overhaul Nvidia are evident in the price of its shares. While its stock is down 5% in the year to date, ...
Hosted on MSN
9h
Major Layoffs Hit AMD, With Up to 1,000 Employees Potentially Impacted
AMD has seen a 69% decline in its gaming division and hasn't made nearly as many gains in the AI chip sector as rival US chip ...
15h
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 ...
2d
on MSN
There’s some great news about AMD’s next-gen Zen 6 CPUs
AMD’s upcoming Zen 6 “Medusa” desktop processors are likely to continue with the current AM5 socket. This information was ...
7d
AMD Launches New CPUs, GPUs And More Across Datacenter, AI And PC
At its Advancing AI event in San Francisco, AMD announced major new chip designs across its portfolio—datacenter, AI, ...
1d
AMD: Recent Correction Provides New Opportunity
AMD’s recent earnings result showed strong potential for its Data Center business and its AI chips. Read why AMD stock is a ...
Hosted on MSN
6h
Chipmaker giant AMD to cut 1,000 jobs as it battles Nvidia
Computer chipmaker
AMD
is laying off around 1,000 employees, or around 4% of its workforce, becoming the
latest
Silicon ...
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