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

AMD said on Wednesday that it will lay off 4% of its global staff, as the longtime CPU maker 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 approximately 4%," an AMD representative said in a statement. "We are committed to treating impacted employees with respect and hel ...