AMD lays off 4 percent of its global workforce
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It will affect 1,000 people
In the statement made by AMD, “As part of aligning our resources with our biggest growth opportunities, we are taking a number of targeted steps that will unfortunately reduce our global workforce by approximately 4%. “We are committed to treating our affected employees with respect and assisting them through this transition.” he said.
It is stated that the layoffs are a targeted approach aimed at preserving the necessary talent in areas where AMD is experiencing rapid growth. These areas specifically include artificial intelligence processors and general data center operations. By the end of 2023, AMD will have a total of 25,768 full-time employees and 9,526 temporary workers. It had a workforce of 35,294 people. This figure is almost double the workforce of 18,376 in 2020.
AMD’s move is being compared to rival Intel’s larger cuts to its workforce. Intel is in the process of laying off approximately 16,000 employees in an effort to bring its revenues into line with its current financial structure. Although AMD is not experiencing financial difficulties, it seems to prefer a more agile and competitive organizational structure.
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