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’s struggles to overhaul Nvidia are evident in the price of its shares. While its stock is down 5% in the year to date, ...
Advanced Micro Devices, or AMD, is laying off 4% of the company in a slash that will hit at least 129 Bay Area workers. The ...
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.
Intel has similar issues, including profitability and market share losses to AMD. Intel has faced its own layoffs and ...
The AMD job cuts will affect 4% of its workforce and help the company finance its push further into the AI chip market.
AMD is the world’s second-largest manufacturer of graphics processing units, also known as GPUs, which power the vast ...
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