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 ...
The layoffs would affect about 1,040 employees and are part of a shift in AMD’s broader business strategy.
Advanced Micro Devices AMD has reportedly decided to lay off approximately 1,000 employees, representing 4% of its ...
Advanced Micro Devices (AMD) is laying off 4% of its global workforce, around 1,000 employees, as it pivots resources to ...
The move follows other cutbacks among longtime Silicon Valley companies. Cisco Systems Inc. is eliminating more than 6,000 ...
We recently compiled a list of the 15 AI News You Missed This Week. In this article, we are going to take a look at where ...
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, ...
Growth Stocks Down 34% to 62% to Buy Right Now 2 Ultimate Growth Stocks to Buy With $1,000 Right Now Why Is Everyone Talking ...
We recently published a list of 10 Best Stocks to Buy According to Billionaire Ken Fisher. In this article, we are going to ...
Advanced Micro Devices(NASDAQ: AMD), also known as just AMD, reported earnings recently that didn't seem to impress investors, even though its numbers weren't bad at all. The stock is down ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback