Advanced Micro Devices to lay off roughly 1,000 workers, 4% of global workforce

13 Nov 2024, 20:23 by Doug Cunningham · UPI

Nov. 13 (UPI) -- Advanced Micro Devices said Wednesday roughly 4% of approximately 26,000 employees worldwide will be laid off. About 1,000 AMD workers will lose their jobs.

"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%," an AMD spokesperson said in a statement to CRN.