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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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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:
I assume lesser profitable margine products are e.g. dedicated consumer GPUs?