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AMD will lay off nearly 1,000, or 4% of staff
AMD to lay off 4% of workforce, or about 1,000 employees
AMD, a Santa Clara-based chipmaker, said on Wednesday that it will lay off 4% of its staff around the world, as the longtime CPU maker seeks to gain a stronger foothold in the growing AI chip space dominated by 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% of its workforce
AMD has confirmed that it’s laying off 4% of its workforce to focus on “large growth opportunities.” It’s unclear how many workers have been impacted by the reduction — and which divisions. AMD had roughly 26,000 employees as of last year, according to the company’s annual 10-K filing. Four percent would translate to approximately 1,000.
7h
Nvidia stock has 25% upside as it approaches an iPhone moment with its Blackwell chip, analyst says
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on MSN
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Nvidia's (NASDAQ: NVDA) returns have trounced AMD's (NASDAQ: AMD), and AMD shareholders are hoping for a reversal of that ...
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AMD Says It’s Laying Off 4 Percent Of Workforce Amid AI Chip Push
[Related: Analysis: Intel’s AI Chip Efforts Stall As
AMD
Gets A Boost Against
Nvidia
] While
AMD
’s
stock
price is 3.9 ...
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AMD: Lagging AI Growth Shouldn't Last
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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Better Artificial Intelligence Stock: Nvidia vs. AMD
Nvidia's (NASDAQ: NVDA) stock surged 2,750% over the past five years as the artificial intelligence (AI) market exploded.
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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 ...
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AMD: Recent Correction Provides New Opportunity
AMD’s recent earnings result showed strong potential for its Data Center business and its AI chips. Read why AMD stock is a ...
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