News AMD to cut down global workforce by 4%

[Admin]

AMD is laying off 4% of its workforce as it chases AI chips and datacenters.

AMD to cut down global workforce by 4% : Read more

 

[renz496]

Revenue improving, cut work force. Gaming has been suffering for several quarters now. So the head cut come from gaming division?

 

[-Fran-]

Revenue improving, cut work force. Gaming has been suffering for several quarters now. So the head cut come from gaming division?

That's too much of a simplification, I'd say. Roles will probably be reduntant ones or roles they created "just in case it worked", since they were expanding. That is my personal impression of these news.

I believe there's been a widespread layoff spree on multiple tech sectors around the world and AMD is just yet another one. This being said, 4% is rather normal, I'd say?

Also, look at the numbers comparison to Intel. AMD has a bit more (well, twice) employees than what Intel is laying off. That's bonkers to me.

Regards.

 

[bill001g]

Anyone who has worked for a very large company knows this is cycle. They over hire and then the next year they layoff and couple years later they repeat the process. You would think the executives who get paid big money would actually do their job and watch over the managers that report to them to avoid this cycle.

 

[Notton]

I'm hoping it was 100% of the product naming division.
All they ever did was copy Intel/Nvidia/Apple's homework and add on a X to the end, front, or both.

 

[rm12]

plus, they've done some take overs, which will have created 'opportunities' or redundant functions as well

 

[Eximo]

One company I worked for had a rating system. If you got the lowest rating twice in a row, laid off. They only did early retirement/layoffs to pump up the stock price at opportune times.

4% layoff isn't probably that far off from normal turnover anyway. (US Average for 2023 was 3.6%) Doesn't necessarily mean hiring freezes either, could just be freeing up payroll to handle demand in other divisions. Acquisitions, as mentioned, may be a big factor.

 

[subspruce]

Revenue improving, cut work force. Gaming has been suffering for several quarters now. So the head cut come from gaming division?

Radeon is screwed rn

 

[renz496]

That's too much of a simplification, I'd say. Roles will probably be reduntant ones or roles they created "just in case it worked", since they were expanding. That is my personal impression of these news.

I believe there's been a widespread layoff spree on multiple tech sectors around the world and AMD is just yet another one. This being said, 4% is rather normal, I'd say?

Also, look at the numbers comparison to Intel. AMD has a bit more (well, twice) employees than what Intel is laying off. That's bonkers to me.

Regards.

I don't think we can compare AMD and intel in this regard. Intel not in a very good condition right now so it is expected for them to layoff workers. AMD actually doing quite well all things considered. Only gaming market as a whole is going down. And they still layoff people.

 

[-Fran-]

I don't think we can compare AMD and intel in this regard. Intel not in a very good condition right now so it is expected for them to layoff workers. AMD actually doing quite well all things considered. Only gaming market as a whole is going down. And they still layoff people.

Not what I was getting at.

Regards.