AMD has confirmed that it will lay off about four percent of its workforce, approximately over 1,000 employees, in response to shifting growth opportunities.
In a statement, an AMD spokesperson mentioned, "As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps," highlighting the company's strategic decisions.
Despite growing revenue and profit, AMD's gaming division experienced a sharp decline of 69 percent year-over-year, indicating challenges in maintaining market competitiveness.
While experts predict AMD will reach nearly $33 billion in revenue by 2025, its stock continues to decline, reflecting investor dissatisfaction with projected growth.
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