Advanced Micro Devices, a massive Santa Clara tech company that designs incredibly complex computer chips , is laying off 4% of its staff. The sweeping cut includes at least 129 California workers.
AMD finished 2023 with about 26,000 employees, according to a filing with the Securities and Exchange Commission, so the 4% cut is likely to hit about 1,000 total workers. Rumors of the layoffs started circulating on internet message boards on Tuesday, and AMD first confirmed the percentage to the outlet Wccftech that afternoon.
“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%,” AMD spokesperson Brandi Martina said in a Wednesday statement to SFGATE. “We are committed to treating impacted employees with respect and helping them through this transition.”…