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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 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 ...
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.
Yahoo Finance
6m
AMD is firing 4% of its global workforce as it realigns in likely pursuit of all those AI dollars
Taken at face value, the largest and most obvious "opportunity" for
AMD
is
AI
. So, the implication is that
AMD
is ...
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 ...
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 ...
Hosted on MSN
3h
AMD to layoff 4pct of employees as it boosts investment in AI chips
AMD
is laying off about 1,000 employees, or roughly 4 percent of its global workforce, as it shifts its focus towards
AI
...
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, ...
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, ...
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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Related topics
Artificial intelligence
Advanced Micro Devices
Nvidia
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