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AMD to Lay Off 1,000 Employees, Targets Nvidia's AI Dominance

Nov 13, 2024, 03:47 PM

Advanced Micro Devices (AMD) has confirmed that it is laying off approximately 4% of its global workforce, which equates to around 1,000 employees, to align its resources with key growth areas, including artificial intelligence (AI). This strategic move aims to focus on AMD's largest growth opportunities, particularly in its effort to challenge Nvidia's dominance in the AI chip market, as part of an AI chip push.