AMD confirms it's cutting 4% of its global workforce
AMD confirms it's cutting 4% of its global workforce
LLM, LLM on the wall, who will be laid off first of all?
Do we know how many people AMD hired in recent years? Because often with news like that it is just companies cutting back a bit after having undergone an even larger expansion not too long ago
They had 8,200 employees at the end of 2016. By the end of 2023, they had 26,000 employees.
So yes, a massive expansion in the last ~8 years.
AMD's situation has massively shifted during that period, but it does add some perspective. In 2016 they'd have probably loved to have more employees, but couldn't afford them unlike now. And in recent times the Xilin aquisition added a bunch of employees, with some possibly redundant?
Overall i probably believe AMD's comment:
AMD argues its cutbacks aren't a sign it's struggling financially. Instead, it's more about refocusing its resources towards higher-margin products
I assume lesser profitable margine products are e.g. dedicated consumer GPUs?
Did not expect AMD to engage in layoffs with them doing so well.
9000 series was a total flop before the x3D, and their GPUs can’t compete at all. They are also missing out on a lot of the AI boom with many models being locked to NVIDIA hardware.
Their are still gaining market share in the their core CPU business. They are doing particularly well in server where you have the highest margins. While they are nowhere near Nvidia in AI compute hardware, I believe they are still seeing massive YoY growth in this space.
Agreed regarding consumer GPUs, I don't think I've seen Radeon having such a weak position in dGPUs in the last ~25 years. But even there, there is lots of money in iGPUs where they have a solid position verses intel.