IT House November 13 news, according to AMD spokesman, the chip design giant is cutting some employees worldwide.Earlier, anonymous users posted related news in the online forum.AMD is currently actively entering the artificial intelligence industry through a number of acquisitions and plans to withdraw from the accelerator product business. At the same time, it will use debt and its own cash reserves to raise funds required for acquisitions.
According to WCCFTECH, the scale of the layoffs is about 4%of the total number of AMD employees.After AMDs layoffs followed the multi-round layoffs of its competitors , unlike AMD, Intel faced challenges in terms of profitability, and losses in the last two quarters.
IT House noticed that AMDs third quarter financial report hilarious and triggers the companys stock price decline.Since AMD released the third quarter financial report, its stock price has fallen 13.6%.Although the companys third -quarter revenue and profits increased by 17% and 34%, respectively, its mid -point revenue guidance of $ 7.5 billion in the current quarter was lower than the analysts expected $ 7.54 billion.
AMDs financial report also shows that the companys game departments performance has fallen sharply, and game revenue in the quarter plunged 69% year -on -year to $ 462 million.AMDs decline in GPU revenue is mainly based on "semi -fixed revenue decrease".
Many posts said that about 1,000 employees, namely 4% of AMD about 26,000 employees will be cut.
According to posts on the forum Team Blind, AMD 4% of employees are cut today.One user commented that their friends confirmed the number of layoffs of 1,000 people, and another user also confirmed that they were cut.
AMD spokesman confirmed the news of layoffs, Resources focus on part of the maximum growth opportunity ".This is "part of a series of targeted measures. Unfortunately, this will cause the number of global workers to decrease by about 4%."AMD added that they "committed to respecting affected employees and helping them through this transition period."
