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AMD Axes 4 Percent Of Staff, Amid AI Chip Focus
- AMD is cutting approximately four percent of its global workforce, amounting to 1,000 employees.
- The layoffs come despite AMD's strong financial results, with profits rising 158 percent to $771m.
- AMD aims to focus on AI and the enterprise markets as its key growth areas.
- The job losses at AMD are much smaller compared to rival chip maker Intel, which is cutting 15,000 jobs.
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