AMD on Wednesday said that it would reduce its global workforce by 4% in a bid to focus on its main future growth opportunities. As a result of the decision, the company will have to lay off around 1,000 employees worldwide after doubling its headcount over the past three years.
"As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce by approximately 4%," a statement from AMD reads. "We are committed to treating impacted employees with respect and helping them through this transition."
The workforce reduction is described as a targeted approach, ensuring AMD has the skills necessary in the sectors of its fastest growth, including its data center operations in general and AI processors in particular. It is unclear which of AMD's business units will feel the brunt of the cuts.
