Chipmaker giant AMD to cut 1,000 jobs

Chipmaker giant AMD to cut 1,000 jobs as it battles Nvidia
AMD’s stock was down around 3% on Wednesday and is mostly unchanged this year. In contrast, its biggest rival Nvidia’s stock has more than tripled. There were also layoffs at smaller Bay Area companies. Online education company Chegg is laying off 319 ...
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, shares of Nvidia are up more than 200%, and it has become one of the top three most valuable publicly-traded companies in the world.
AMD to cut 4% of workforce, impacting around 1,000 employees
AMD announced on Wednesday that it will reduce its global workforce by 4%, marking a strategic move to focus more on the rapidly growing AI chip sector.
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 to Cut Jobs. The Stock Is Dropping.
Barron’s has reached out to AMD for comment. Shares of AMD were down 2.1% Wednesday to $140.66, while the Nasdaq was up 0.4%. The stock has dropped 4.54% this year, compared wit
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,
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,
AMD is laying off 4 percent of its global workforce as it sharpens focus on AI
AMD on Wednesday said that it would reduce its global workforce by 4% in a bid to focus on its main future growth opportunities. As a result of the decision, the company will have to lay off around 1,
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.
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AMD Says It’s Laying Off 4 Percent Of Workforce Amid AI Chip Push
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