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AMD will lay off nearly 1,000, or 4% of staff
AMD is laying off over 1,000 staff, as gaming GPU revenue plummets
The workforce is being cut by 4%, after poor sales from its gaming division, which makes AMD Radeon graphics cards, plus PS5 and Xbox chips.
AMD is firing 4% of its global workforce as it realigns in likely pursuit of all those AI dollars
So, the implication is that
AMD
is likely realigning resources for a more concerted assault on Nvidia's dominance in the megabucks datacenter
GPU
market.
AMD
also explained that the move was part of "a number of targeted steps that will unfortunately ...
AMD will lay off nearly 1,000, or 4% of staff, as AI competition heats up
AMD said today it will lay off 4% of its global staff, or perhaps somewhat less than 1,000 of its estimated 26,000-person workforce.
Major Layoffs Hit AMD
AMD Hit With Layoffs
AMD, the maker of graphics cards for PC as well as Xbox and PlayStation chips, announces that it's laying off some of its employees.
Major Layoffs Hit AMD, With Up to 1,000 Employees Potentially Impacted
AMD has seen a 69% decline in its gaming division and hasn't made nearly as many gains in the AI chip sector as rival US chip giant Nvidia.
AMD to lay off 4% of workforce, or about 1,000 employees
At the end of last year, AMD had 26,000 employees, according to a U.S. Securities and Exchange Commission filing.
3d
AMD’s next-gen laptop GPU may rival Nvidia’s RTX 5090
According to a new leak, AMD is readying four RDNA 4 laptop graphics cards, and the top GPU might rival Nvidia's flagship in ...
7h
Nvidia Sweeps Benchmarks. AMD Is MIA, Again
Nvidia is still the fastest AI and HPC accelerator across all MLPerf benchmarks; Hopper performance increased by 30% thanks ...
1d
on MSN
Nvidia’s rumored CPU could pack integrated GPU to rival RTX 4070 mobile – should AMD and Intel start to worry now?
Nvidia APU rumored to equal RTX 4070 laptop GPU in performance Laptops are already being made with the APU, including from ...
Hosted on MSN
7h
AI accelerator tinybox pro goes up for preorder for $40,000 — the device features eight RTX 4090s and two AMD Genoa EPYC processors
Although its $40k asking price is more than double that of the tinybox red, the pro version could hit 1.36 PetaFLOPS of FP16 ...
1d
on MSN
Where Will AMD Stock Be in 5 Years?
The chipmaker has delivered solid gains in the past five years, and a closer look at its prospects indicates more possible ...
TweakTown
22h
Global GPU revenue to reach $100 billion by the end of the year, driven by AI
The report also acknowledges the rise of integrated
GPUs
, as seen in the latest Apple,
AMD
, Intel, and Qualcomm ...
1d
This gaming handheld just stomped on the Asus ROG Ally X, thanks to new AMD GPU
The new OneXPlayer F1 Pro takes on the Steam Deck by using the latest AMD Ryzen Strix Point chips, and these benchmarks look ...
Game Rant
13h
AMD Ryzen AI MAX 300 Series Key Specifications Leak Shows Radeon 8000S Branding
The roadmap for AMD’s upcoming products in the mobile segment was recently leaked, and it showed some interesting ...
17h
on MSN
Better Artificial Intelligence Stock: Nvidia vs. AMD
Additionally, Nvidia's stock is technically cheaper than AMD's. While not inexpensive, Nvidia's shares have a ...
4h
on MSN
Sweeping layoff by Nvidia rival AMD includes dozens at Bay Area headquarters
Advanced Micro Devices, a massive Santa Clara tech company that designs incredibly complex computer chips, is laying off 4% ...
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