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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 is firing 4% of its global workforce as it realigns in likely pursuit of all those AI dollars
AMD has reportedly confirmed plans to lay off fully 4% of its global workforce. A 2023 estimate put AMD's workforce at 26,000, so the firings look set to impact around 1,000 AMD employees. It's not clear exactly what precipitated the move by AMD.
AMD Cutting About 4% of Workforce to Focus Resources on AI Push
Advanced Micro Devices Inc. is shedding about a thousand jobs as part of an effort to refocus on newer markets like artificial intelligence chips. “As a part of aligning our resources with our largest growth opportunities, we are taking a number of ...
4h
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, ...
Yahoo
12h
AMD is laying off workers as it focuses on AI
Earlier that month,
AMD
launched its Instinct MI325X accelerators and Ryzen
AI
PRO 300 series processors, along with ...
Benzinga.com
8h
AMD Plans To Cut 4% Of Workforce Amid Strategic Shift Toward AI Chip Development To Rival Jensen Huang-Led Nvidia's Dominance: Report
“As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps,” an ...
The Register on MSN
12h
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 ...
1d
Why The Market Doesn't Care About AMD's AI Revenue
Advanced Micro Devices' AI accelerator performance is strong, but struggles to compete with Nvidia in the market and on ...
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, ...
SiliconANGLE
5h
AMD to cut around 1,000 jobs so it can double-down on AI opportunity
AMD
is the world’s second-largest manufacturer of graphics processing units, also known as GPUs, which power the vast ...
1d
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 ...
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Artificial intelligence
Advanced Micro Devices
Nvidia
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