AMD Cutting About 4% of Workforce to Focus Resources on AI Push
The Advanced Micro Devices Inc. job cuts are concentrated on sales and marketing positions for areas such as consumer PC and gaming PCs.
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Advanced Micro Devices Inc. is shedding about a thousand jobs as part of an effort to refocus on newer markets like artificial intelligence chips.
“As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce by approximately 4%,” the company said in a statement Wednesday.