Major Layoffs Hit AMD, With Up to 1,000 Employees Potentially Impacted
AMD has seen a 69% decline in its gaming division and hasn't made nearly as many gains in the AI chip sector as rival US chip giant Nvidia.
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 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.
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.
AMD is laying off workers as it focuses on AI
Advanced Micro Devices (AMD) is cutting 4% of its global workforce as it focuses on competition in the artificial intelligence chips space.
AMD to lay off 4% of workforce, or about 1,000 employees
AMD said on Wednesday that it will lay off 4% of its global staff, as the longtime CPU maker seeks to gain a stronger foothold in the growing artificial intelligence chip space dominated by Nvidia. " As a part of aligning our resources with our largest growth opportunities,
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Intel contractor switch results in 205 layoffs
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The full list of major US companies slashing staff this year, including Meta, Chegg, and AMD
Last year, Disney slashed 7,000 jobs across multiple rounds of layoffs as part of a strategy implemented by returning CEO Bob Iger. Intel plans to cut thousands of jobs in response to a second ...
Intel Layoffs Continue: 17,000 Jobs Cut and Employee Bonuses at Risk
Intel, one of the world’s leading semiconductor companies, has recently made headlines due to its significant workforce ...
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Intel Israel faces significant layoffs amid global financial restructuring
Intel's August global reorganization plan included the layoffs to remove up to 17,000 workers. The greatest layoff wave in Intel Israel's history impacted 15-20% of its 7,000 development ...
Intel to Offer Free Coffee in Employee Break Room to Boost Worker Morale Devastated by Thousands of Layoffs
The company previously stopped offering the beverages in October as a way to cut costs, which was announced by signs posted ...
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Intel Brings Back Free Coffee to Ease Workplace Woes
Intel, reeling from substantial layoffs and budget cuts, is attempting to boost employee morale by reintroducing free tea ...