AMD has announced a 4% cut to its global workforce as part of a realignment of business priorities, aiming to align resources with growth opportunities.
The firm is in a strong position to push hard on AI in 2025, with a 405% year-on-year increase in data center operating income.
The announcement of workforce reductions from AMD parallels similar cuts by Intel, which announced a 15% workforce reduction due to insufficient revenue growth.
In its latest earnings, AMD reported a slight dip in shares, attributed to net income falling below some estimates, highlighting challenges despite AI advancements.
Collection
[
|
...
]