AMD plans to lay off 4% of its workforce, about 1,000 employees, as part of its strategy to strengthen its position in the AI chip market, which Nvidia currently dominates. This decision aligns AMD’s resources with high-growth areas,

Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs efforts towards developing AI chips in a bid to compete against industry bellwether Nvidia .

Advanced Micro Devices (AMD) plans to reduce its global workforce by 4% as it aims to strengthen its position in the AI chip market, reported Reuters. This move, which is expected to impact around 1,000 employees,