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AMD to lay off 4% of workforce, or about 1,000 employees

AMD CEO Lisa Su makes the opening speech at COMPUTEX forum in Taipei, Taiwan, on June 3, 2024.Ann Wang | ReutersAMD said on Wednesday that it will lay off 4% of its global staff as the longtime computer chipmaker seeks to gain a stronger foothold in the growing artificial intelligence chip space dominated 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...

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