AMD has announced plans to cut four percent of its global workforce, approximately 1,000 jobs.
The move comes less than a month after the company posted $6.8 billion in revenue for Q3 2024. According to a 2023 SEC filing, at the end of the last calendar year, AMD had 26,000 employees.
In a statement to CNBC, AMD said: “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 four percent. We are committed to treating impacted employees with respect and helping them through this transition.”
AMD introduced the MI325X at its October Advancing AI event in San Francisco. The new accelerator is built on the CDNA 3 architecture and features 256GB of HBM3E, in addition to supporting 6Tbps and offering 1.8x more capacity and 1.3x more bandwidth than Nvidia's H200 GPU.
It also has 1.3x the peak theoretical FP16 and FP8 compute performance of the H200, the company claims.
Speaking after the company’s Q3 2024 results were published, CEO Dr. Lisa Su said it was an “incredibly exciting time for AMD,” claiming that the “breadth of its technology and product portfolios” meant AMD was in the position to become an “end-to-end AI leader.”
