Advanced Micro Devices to lay off roughly 1,000 workers, 4% of global workforce
Advanced Micro Devices said Wednesday roughly 4% of approximately 26,000 employees worldwide will be laid off. About 1,000 AMD workers will lose their jobs.
Advanced Micro Devices to Cut Global Headcount by 4%
Advanced Micro Devices is reducing its global workforce by 4% after reporting that most of the growth it sees comes from its AI chips and other products for data centers. Shares fell 2.2% to $140.44 in midday trading.
Three Stocks: Shopify, Advanced Micro Devices, and NIO
The Chinese electric vehicle manufacturer had been experiencing sideways trading due to investor hesitancy, exacerbated today by the appointment of known "China Hawks" Senator Marco Rubio as Secretary of State and Rep. Mike Waltz as NSA.
Is Advanced Micro Devices a Millionaire-Maker Stock?
Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy.
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 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,
This Is the Biggest Threat to Nvidia's Artificial Intelligence (AI) Dominance That Virtually No One Is Talking About
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AMD to cut about 1,000 jobs, 4% of staff, so it can double down on AI opportunity
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AMD cutting almost 1,000 jobs to focus resources on AI push
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AMD Cutting About 4% of Workforce to Focus Resources on AI Push
Advanced Micro Devices Inc. is shedding about a thousand jobs as part of an effort to refocus on newer markets like ...
Advanced Micro Devices, Inc. (AMD) Ryzen 7 9800X3D CPU Faces Stock Shortages in UK and US, Retailers Cite High Demand and Delayed Restocks
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Advanced Micro Devices Inc
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Results: Advanced Micro Devices, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Shareholders might have noticed that Advanced Micro Devices, Inc. ( NASDAQ:AMD ) filed its quarterly result this ...
Sweeping layoff by Nvidia rival AMD includes dozens at Bay Area headquarters
Advanced Micro Devices, or AMD, is laying off 4% of the company in a slash that will hit at least 129 Bay Area workers. The ...