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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 to lay off 4% of staff to enhance AI chip development capabilities

Advanced Micro Devices (AMD) plans to reduce its global workforce by 4% as it aims to strengthen its position in the AI chip market, reported Reuters. This move, which is expected to impact around 1,000 employees, comes as AMD seeks to compete more effectively with Nvidia, a dominant player in AI chip technology.

East Bay Times · 2h

AMD cutting almost 1,000 jobs to focus resources on AI push

The move follows other cutbacks among longtime Silicon Valley companies. Cisco Systems Inc. is eliminating more than 6,000 positions, and Intel is cutting about 15% of its workforce of more than

20hon MSN

Advanced Micro Devices to lay off roughly 1,000 workers, 4% of global workforce

Advanced Micro Devices said Wednesday roughly 4% of approximately 26,000 employees worldwide will be laid off. About 1,000 ...

21hon MSN

Advanced Micro Devices to Cut Global Headcount by 4%

The layoffs would affect about 1,040 employees and are part of a shift in AMD’s broader business strategy.

Benzinga.com18h

AMD Plans To Cut 4% Of Workforce Amid Strategic Shift Toward AI Chip Development To Rival Jensen Huang-Led Nvidia's Dominance: Report

Advanced Micro Devices AMD has reportedly decided to lay off approximately 1,000 employees, representing 4% of its ...

1don MSN

Advanced Micro Devices, Inc. (AMD) Launches Versal Premium Series Gen 2 SoC, Optimizing Real-Time Processing for AI, Data Centers, and More

We recently compiled a list of the 15 AI News You Missed This Week. In this article, we are going to take a look at where ...

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 ...

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