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AMD Plans To Cut 4% Of Workforce Amid Strategic Shift Toward AI Chip Development To Rival Jensen Huang-Led Nvidia’s Dominance: Report

November 14, 2024

AMD is laying off about 1,000 employees, or 4% of its workforce, as part of a strategy shift to focus on competing with Nvidia in the high-demand AI data center chip market.

AMD is laying off about 1,000 employees, or 4% of its workforce, as part of a strategy shift to focus on competing with Nvidia in the high-demand AI data center chip market.
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