AMD has announced that it plans to slash its global workforce by 4%, or around 1,000 employees. This comes as the computer chipmaker aims to boost its position in the expanding market for artificial intelligence chips, which is currently led by Nvidia.
″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%," an AMD representative said in a statement cited by CNBC. "We are committed to treating impacted employees with respect and helping them through this transition."
