AMD Lays Off 4% of Workforce Amid Declining Gaming Sales and AI Struggles

By Yahoo! Finance | Nov 15, 2024 at 11:40 AM EST

AMD is laying off 4% of its workforce due to challenges in a competitive environment. The company faces difficulties in the AI chip market and competition with Nvidia. Despite setbacks, AMD plans to focus on AI advancements with upcoming solutions like the MI350 series silicon in 2025.

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