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Major Layoffs Hit AMD
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 Hit With Layoffs
AMD, the maker of graphics cards for PC as well as Xbox and PlayStation chips, announces that it's laying off some of its employees.
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.
3h
on MSN
Sweeping layoff by Nvidia rival AMD includes dozens at Bay Area headquarters
Advanced Micro Devices, a massive Santa Clara tech company that designs incredibly complex computer chips, is laying off 4% ...
10h
AMD is laying off over 1,000 staff, as gaming GPU revenue plummets
The workforce is being cut by 4%, after poor sales from its gaming division, which makes AMD Radeon graphics cards, plus PS5 ...
The Tech Report
15h
AMD Announces Mass Layoffs Following Unsatisfactory Performance In Q3
Popular chipmaker
AMD
has announced a round of mass
layoffs
that is expected to affect roughly 1,000 employees, which is ...
Fudzilla
1d
AMD confirms layoffs and lowered Q4 outlook
The
layoffs
and reduced outlook come amid increasing competition, particularly from Chipzilla which is also facing ...
19h
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 ...
23h
AMD to cut about 1,000 jobs, 4% of staff, so it can double down on AI opportunity
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, ...
EconoTimes
1d
AMD Cuts 1,000 Jobs Amid Declining Gaming Sales and Lower-than-Expected Revenue Outlook for Q4
AMDs global workforce sees a 4% reduction after the companys Q3 results fell short of expectations, driven by a dramatic 69% ...
TechNewsWorld
3d
AMD Is Making Great Strides in AI, May End Up Merging With Intel
AMD has made significant strides in AI. Last week, it announced that its first 1-billion parameter large language models are ...
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