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AMD will lay off nearly 1,000, or 4% of staff
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 global workforce - about 1,000 jobs out of a total headcount of roughly 26,000.
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.
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.
AMD to lay off 4% of workforce, or about 1,000 employees
AMD, a Santa Clara-based chipmaker, said on Wednesday that it will lay off 4% of its staff around the world, as the longtime CPU maker seeks to gain a stronger foothold in the growing AI chip space dominated by Nvidia.
Yahoo
2h
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 ...
4h
on MSN
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 ...
4h
on MSN
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 ...
Bloomberg L.P. on MSN
5h
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 ...
CRN
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AMD Says It’s Laying Off 4 Percent Of Workforce Amid AI Chip Push
AMD
said it’s laying off roughly 4 percent of its global workforce to focus on its “largest growth opportunities,” which ...
21h
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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on MSN
Where Will AMD Stock Be in 5 Years?
The chipmaker has delivered solid gains in the past five years, and a closer look at its prospects indicates more possible ...
6d
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, ...
16h
on MSN
Jefferies Highlights Advanced Micro Devices, Inc. (AMD)’s Growing AI Momentum, Raises 2024 AI Revenue Guidance to $5 Billion
We recently compiled a list of the 14 AI News Investors Are Paying Attention To. In this article, we are going to take a look ...
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Artificial intelligence
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