AMD announces major layoffs as AI becomes main focus
AMD had doubled its headcount in recent years to tackle the surge in demand for high-performance processors used in AI data centers, however its revenue has only climbed 23%. Although recent figures suggest growth is strong, it’s likely that the company overestimated its human resource requirements, hence the adjustment.
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AMD Lays Off 1,000 Employees as It Shifts Focus to AI Chips Amid Competition with NvidiaAdvanced Micro Devices (AMD) has emerged as Nvidia’s closest rival in the lucrative market for chips powering complex data ...
Advanced Micro Devices (AMD) plans to reduce its global workforce by 4% as it aims to strengthen its position in the AI ...
Advanced Micro Devices (AMD) is laying off 4% of its global workforce, around 1,000 employees, as it pivots resources to ...
AMD cuts workforce by 4%, refocusing on AI chips to compete with Nvidia. With AI chip sales expected to reach $5 billion in ...
As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will ...
Taken at face value, the largest and most obvious "opportunity" for AMD is AI. So, the implication is that AMD is ...
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AMD axes 4% of staff while staring hungrily at AI, serversLLM, LLM on the wall, who will be laid off first of all? AMD has confirmed plans to cut approximately four percent of its ...
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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