this post was submitted on 14 Nov 2024
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AMD confirms it's cutting 4% of its global workforce (www.theregister.com)
submitted 5 days ago by Alphane_Moon@lemmy.world to c/hardware@lemmy.world
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[โ€“] Alphane_Moon@lemmy.world 14 points 5 days ago (1 children)

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.

[โ€“] golli@lemm.ee 3 points 5 days ago

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?