AMD to lay off 4% of workforce amid push for AI chip development
Analysts are optimistic about AMD’s future in the AI space, with predictions that the company’s data center revenue could grow by nearly 100% in 2024, far outpacing overall revenue growth. This growth is largely attributed to increased demand for AI chips from large cloud providers and tech companies.
AMD to lay off 4% of staff to enhance AI chip development capabilities
Advanced Micro Devices (AMD) plans to reduce its global workforce by 4% as it aims to strengthen its position in the AI chip market, reported Reuters. This move, which is expected to impact around 1,000 employees, comes as AMD seeks to compete more effectively with Nvidia, a dominant player in AI chip technology.
AMD to Cut 4% of Global Workforce as It Focuses on AI Chip Development
The logo of semiconductor company Advanced Micro Devices Inc (AMD) is seen on a graphics processing unit (GPU) chip in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo (Reuters) - Advanced Micro Devices is laying off 4% of its global workforce,
Advanced Micro Devices said Wednesday roughly 4% of approximately 26,000 employees worldwide will be laid off. About 1,000 ...
Advanced Micro Devices AMD has reportedly decided to lay off approximately 1,000 employees, representing 4% of its ...
The layoffs would affect about 1,040 employees and are part of a shift in AMD’s broader business strategy.
Advanced Micro Devices (AMD) is laying off 4% of its global workforce, around 1,000 employees, as it pivots resources to ...
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