AMD's recent announcement to cut 4% of its workforce is a strategic move aimed at reallocating resources towards AI and enterprise markets despite solid third-quarter results.
Despite a strong financial quarter with a $771 million net income, AMD faces challenges in its gaming division, prompting a workforce reduction to focus on AI growth.
AMD reassures that the layoffs are not a sign of financial distress but rather a recalibration aimed at high-margin opportunities, especially in AI and data centers.
While Intel's layoffs were broad and deep, AMD's adjustments are more surgical, concentrating on positioning itself in areas that promise higher profitability and growth.
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