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AMD to lay off 4% of workforce, or about 1,000 employees

By CNBC   |   Nov 13, 2024 at 01:02 PM EST
AMD to lay off 4% of workforce, or about 1,000 employees

At COMPUTEX, AMD CEO Lisa Su announced layoffs of 4% of global staff to focus on AI chip growth and compete with Nvidia. AMD eyes AI market expansion, despite Nvidia's dominance. AMD also competes with Intel in server CPU sales.

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