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AMD to cut 4% of workforce to prioritize AI chip expansion and rival Nvidia

Thursday November 14, 2024. 12:07 PM , from ComputerWorld
Advanced Micro Devices (AMD) is laying off 4% of its global workforce, around 1,000 employees, as it pivots resources to developing AI-focused chips. This marks a strategic shift by AMD to challenge Nvidia’s lead in the sector.

“As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce by approximately 4%,” CRN reported quoting an AMD spokesperson.
https://www.networkworld.com/article/3605016/amd-to-cut-4-of-workforce-to-prioritize-ai-chip-expansi...

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