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251 AMD To Lay Off 4% of Workforce, or About 1,000 Employees

Slashdot
msmash @ Slashdot · 11/14/2024 11:41 EDT

AMD To Lay Off 4% of Workforce, or About 1,000 Employees

AMD has announced plans to cut 4% of its global workforce as it repositions to compete in the AI chip market dominated by Nvidia. The layoffs will affect approximately 1,040 employees of its 26,000-strong workforce reported at the end of 2023. CNBC adds: AMD produces powerful AI accelerators for data centers, including the MI300X, which companies such as Meta and Microsoft purchase as an alternative to Nvidia-based systems. But Nvidia dominates the market for powerful AI chips, with over 80% market share, p

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