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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.
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,
2d
on MSN
Advanced Micro Devices, Inc. (NASDAQ:AMD): Among the Best Metaverse Stocks To Buy According to Hedge Funds
We recently compiled a list of the 10 Best Metaverse Stocks To Buy According to Hedge Funds. In this article, we are going to ...
3d
Big chipmaker to slash 1,000 jobs; $100M Big Sur home for sale
Santa Clara-based Advanced Micro Devices is cutting about 1,000 jobs as part of an effort to refocus on newer markets like AI ...
Yahoo
5d
Is Advanced Micro Devices (AMD) Best Virtual Reality Stock To Buy Now?
We recently published a list of 10 Best Virtual Reality Stocks To Buy Now. In this article, we are going to take a look at ...
23h
on MSN
Advanced Micro Devices (AMD) Eyes Smartphone Market with AI-Ready Ryzen Processors
We recently published a list of 15 AI News Updates Taking Wall Street By Storm. In this article, we are going to take a look ...
11d
Advanced Micro Devices Inc. stock rises Wednesday, still underperforms market
This was the stock's second consecutive day of gains.
3d
This Is the Biggest Threat to Nvidia's Artificial Intelligence (AI) Dominance That Virtually No One Is Talking About
Remember, AI-GPU scarcity has been the leading catalyst that's driven Nvidia's exceptional pricing power. With its top ...
2d
on MSN
Advanced Micro Devices, Inc. (AMD) Unveils Ryzen AI Benchmark Showing 75% Faster Performance Over Intel, Gains Market Share in PC Shipments
We recently compiled a list of the 15 Trending AI Stocks on Latest Ratings and News. In this article, we are going to take a ...
AOL
12d
Is Advanced Micro Devices a Millionaire-Maker Stock?
With shares down by a whopping 32% from their all-time high of $211 in March,
Advanced
Micro
Devices
(NASDAQ: AMD) is rapidly falling out of favor despite its direct exposure to the industry ...
3d
on MSN
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 ...
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