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.
After Intel, AMD now goes for mass layoffs, fire 4% of all global employees to focus on AI
AMD’s struggles in the AI space are apparent. Despite shipping an estimated 224,000 GPUs this year, it hasn’t been enough to keep up with demand from major clients like Microsoft and Meta. NVIDIA, meanwhile,
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An AMD spokesperson said, "As a part of aligning our resources with our largest growth opportunities, we are taking a ...
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The chipmaker has delivered solid gains in the past five years, and a closer look at its prospects indicates more possible ...
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, ...
AMD’s upcoming Zen 6 “Medusa” desktop processors are likely to continue with the current AM5 socket. This information was ...
Advanced Micro Devices announced its Versal Premium Series Gen 2 chip platform for data center customers doing AI processing and other work.
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