AMD Confirms Laying Off 4% Of Its Employees To Align Resources With “Largest Growth Opportunities” ...Middle East

According to a spokesperson, chip designer Advanced Micro Devices, Inc., is laying off a portion of its global workforce. AMD confirmed the development after several anonymous posts on online message boards. AMD, which is currently aggressively targeting the artificial intelligence industry through multiple acquisitions as well as exiting accelerator products, plans to finance its acquisitions through a mix of debt and cash. As per the details shared online and later confirmed by the firm, the layoffs amount to roughly 4% of AMD's workforce. They surprised several posters on the chat boards, with others confirming that they had heard similar news. AMD's […]

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