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.
Advanced Micro Devices Inc. (AMD) Price Prediction and Forecast 2025-2030
According to PC Gamer, “The AMD Ryzen 7 7800X3D is simply the best gaming CPU around right now. It’s certainly the best gaming chip that AMD has ever made, but it’s also capable of outperforming Intel’s top CPU when it comes to gaming frame rates and is doing so for a lot less cash.
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.
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.
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,
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, ...
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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 ...
Insiders At Advanced Micro Devices Sold US$7.5m In Stock, Alluding To Potential Weakness
In the last year Advanced Micro Devices insiders didn't buy any company stock. You can see a visual depiction of insider ...
SK Hynix Shares Retreat, Tracking U.S. Chip Stocks' Declines
SK Hynix's retreat followed a poor performance by U.S. chip stocks. Advanced Micro Devices and Micron Technology each fell more than 4% on Wednesday, while AI chip giant Nvidia shed 2%.
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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 ...
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AMD Plans To Cut 4% Of Workforce Amid Strategic Shift Toward AI Chip Development To Rival Jensen Huang-Led Nvidia's Dominance: Report
Advanced Micro Devices AMD has reportedly decided to lay off approximately 1,000 employees, representing 4% of its ...
Advanced Micro Devices, Inc. (AMD) Launches Versal Premium Series Gen 2 SoC, Optimizing Real-Time Processing for AI, Data Centers, and More
We recently compiled a list of the 15 AI News You Missed This Week. In this article, we are going to take a look at where ...