AMD to Cut Jobs. Stock Is Dropping.
AMD to lay off 4% of workforce, or about 1,000 employees
The company has said AI represents one of its largest growth opportunities. AMD stock is down 5% in 2024 while Nvidia shares are up 200%, making it the most valuable publicly traded company in the world. AMD produces powerful AI accelerators for data ...
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.
16hon MSN
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