"As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce by approximately 4%," AMD spokesperson Brandi Martina stated. This reflects a strategic shift as the company aims to focus on core growth areas.
Another document from the WARN notice indicated that the layoffs would include 57 people at AMD's headquarters in Santa Clara and 72 from its subsidiary Xilinx in San Jose, signaling a significant restructuring within the firm.
CEO Lisa Su mentioned previously that, "Looking forward, we see significant growth opportunities across our data center, client, and embedded businesses driven by the insatiable demand for more compute," underlining the company's pivot towards artificial intelligence and related technologies.
AMD's workforce is decreasing amidst increasing competition in the semiconductor industry, particularly from Nvidia, which has a strong hold on the market for graphics processing units crucial for AI applications.
Collection
[
|
...
]