HardwareUS
AMD Layoffs
November 2024
AMD announced a layoff affecting 1,000 employees (4% of its workforce) in November 2024. The company operates in the Hardware sector.
People Affected
1,000
Percentage
4%
Announced Date
Nov 13, 2024
About
AMD has confirmed laying off 4% of its workforce, approximately 1,000 employees, to focus on large growth opportunities. The company had about 26,000 employees last year, and this move follows a mixed Q3 earnings report with declines in the gaming division and challenges in AI chip sales against Nvidia.
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