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AMD confirms it's cutting 4% of its global workforce
(www.theregister.com)
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this post was submitted on 14 Nov 2024
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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.
What ever you think of the 9000 series, you need to compare it with their primary competitor, Intel, which have poor reviews of their latest offerings to say the least.
The only thing AMD have to worry about with Intel's repeated calamities is getting complacent.
I dunno. If my company launched a new product, and then that product just sat on store shelves unsold, there’d probably be some people at my company who lost their jobs over it…. Regardless of how my competitors were doing.
Intel sold practically nothing, see reports of literally zero Intel sales in a month at Germany’s largest retailer for example.
That means AMD got the lions share which was also lower than expected.
This points more to market slowness than individual company performance. A 4% cut is quite modest with that sort of market.
I don’t think it’s market slowness… more that there’s nothing worth upgrading to.
Now that the x3D came out, and it’s actually better than last gen, it sold out everywhere. People just want good new products.
And yeah 4% is small, just providing insight into why AMD layoffs are a huge surprise.