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AMD responds to 'massive layoffs in China': Untrue, it's a small optimization and reorganization

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Oct 26, 2023 pm 12:41 PM

amd

According to news from this site on October 26, there are recent rumors that AMD is laying off large-scale layoffs in China. In response, AMD officially responded: "Internet rumors are untrue. Based on the adjustment of the company's strategy, the company has recently made a small optimization and reorganization of the organizational structure."

AMD also stated that in order to adapt to market changes, AMD China continues to recruit for business in key areas.

AMD’s second quarter financial report showed that the company’s revenue in the second quarter of this year was US$5.4 billion, basically the same as the previous quarter, and its net profit was US$27 million (note on this site: currently about 198 million yuan), an increase from the previous quarter. Total revenue and adjusted earnings per share exceeded Wall Street analysts' expectations by 119%.

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