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AMD to Cut 4% of Global Workforce
AMD to cut 4% of workforce to prioritize AI chip expansion and rival Nvidia
Advanced Micro Devices (AMD) is laying off 4% of its global workforce, around 1,000 employees, as it pivots resources to developing AI-focused chips. This marks a strategic shift by AMD to challenge Nvidia’s lead in the sector.
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,
AMD lays off 4 percent of its global workforce
AMD has confirmed it’s laying off roughly four percent of its global workforce, according to reports by TechCrunch and others. It’s not entirely clear how many people will be impacted by this move, or which divisions the laid off employees will be pulled from.
1h
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, ...
The Tech Report
30m
AMD Announces Mass Layoffs Following Unsatisfactory Performance In Q3
The rumors were further fueled by
Intel
CEO Pat Gelsinger and
AMD
CEO Lisa Su making a joint appearance at the Lenovo ...
The Next Platform
1d
The Server Recession Ends, And Both Intel And AMD Won
Anyone who thinks that Intel is easy to kill need look no further than the historical trends of the Mercury Research market ...
Semiconductor Engineering
54m
Powering Mechanical Simulations: AMD Vs. Intel
When selecting the right central processing unit (CPU) for optimizing Ansys Mechanical structural finite element analysis ...
8h
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.
21m
AMD Will Lay Off 4% of Its Global Employees to Focus on AI Chips
Advanced Micro Devices (AMD) has announced plans to lay off 4% of its global workforce, impacting roughly 1,000 employees.
Digi Times
2d
Merger speculation raises questions for Intel, AMD future
Recently reports have emerged that the Biden administration has proposed a controversial plan to bolster Intel by merging its ...
2d
AMD and Intel Recently Reported Earnings -- but There Was Only 1 Clear Winner
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 ...
6d
AMD Surpasses Intel On Datacenter Sales
Tom’s Guide reports that while Intel Xeon processors have traditionally powered a lot of servers, AMD’s EPYC lineup is ...
6d
on MSN
Intel’s Battlemage might beat Nvidia and AMD to the punch
A new leak implies that Intel Arc Battlemage might arrive soon, and that could give Intel an unexpected edge over AMD and ...
Business Insider
18h
AMD vs INTC vs TSM: Will These Chipmakers Rally as High as NVDA?
Advanced Micro Devices (
AMD
),
Intel
(INTC), and Taiwan Semiconductor Manufacturing (TSM) are major players in the ...
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