semiconductor industry
AMD Reduces Workforce by 4% to Boost AI Chip Innovation
NeelRatan
AMD plans to cut 4% of its global workforce, equating to around 1,000 employees, as the company shifts focus towards AI chip development. The announcement has led to a decline in AMD's stock price, reflecting concerns about the impact of these layoffs.
AMD to Cut 1,000 Jobs Amid Rising AI Competition
NeelRatan
AMD is set to lay off about 1,000 employees, roughly 4% of its workforce, amid increasing competition in the AI chip sector. The announcement has led to a dip in AMD's stock prices as the company seeks to adapt to evolving market demands.
