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.
AMD Lays Off 4% of Workforce Amid Declining Gaming Sales and AI Struggles
Advanced Micro Devices (AMD, Financial) has announced that it decided to lay off nearly a thousand of its employees, which constitutes 4% of its total headcount, as it plans to make necessary adjustments due to some issues it is experiencing in a challenging environment.
The workforce is being cut by 4%, after poor sales from its gaming division, which makes AMD Radeon graphics cards, plus PS5 ...
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Despite a strong 29 per cent growth in its personal computer segment, AMD’s gaming division has experienced a sharp 69 per ...
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