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AMD has confirmed that it ’s lay off 4 % of its workforce to focus on “ large growth chance . ”
It ’s unclear how many workers have been bear upon by the reduction — and which divisions . AMD had roughly 26,000 employees as of last year , accordingto the company ’s annual 10 - K filing . Four percent would transform to approximately 1,000 .
“ As a part of aligning our resources with our orotund growth opportunities , we are taking a figure of direct footstep , ” an AMD spokesperson told CRN . “ We are attached to treating impact employee with respect and help them through this transition . ”
We ’ve reached out to the company for more info and will update this part if we hear back .
The news , which was previouslyreportedby Wccftech , comes after a mixed Q3 net profit report . While AMD grew both gross and profit , the fellowship ’s gaming division saw a 69 % twelvemonth - over - yr decline , and guidance for the current twenty-five percent neglect psychoanalyst ’ expectations .
AMD has struggled to make progress in AI silicon chip sales against rival Nvidia . A deficiency of inventory is one reason — by oneestimate , AMD will ship 224,000 GPUs this twelvemonth , a high volume , but not enough to satiate large client like Microsoft and Meta .
AMD ’s chips have alsofallen shortof what Nvidia ’s can deliver in central AI training workloads , although AMD has pose its offerings as the superior choice for AI inference ( i.e. running framework ) .
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During the Q3 earnings call , AMD CEO Lisa Su judge to assure investors that the firm ’s future chips will be extremely competitive with Nvidia ’s . “ Our next - gen MI350 - series silicon is looking very sound , and is on trail to launch in the second one-half of 2025 , with the largest generational increment in AI performance we have ever delivered , ” she said .
It ’ll be an uphill battle . Consensusestimateshave AMD ’s 2025 revenues reaching $ 32.6 billion , up just $ 7.0 billion . Nvidia , meanwhile , is foreshadow to describe quarterly revenue of $ 33 billion — virtually all attributable to AI chip gross sales .
AMD ’s stock is down around 4 % for the year .
