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AMD to lay off 4% of workforce, or about 1,000 employees

At the end of last year, AMD had 26,000 employees, according to a U.S. Securities and Exchange Commission filing.

Business - CNBC - Yesterday

AMD will lay off nearly 1,000, or 4% of staff, as AI competition heats up

AMD said today it will lay off 4% of its global staff, or perhaps somewhat less than 1,000 of its estimated 26,000-person workforce.

Tech - VentureBeat - Yesterday

AMD reports record revenue but Q4 forecast disappoints

Advanced Micro Devices reported record Q3 revenue of $6.8 billio, up 18%. But the shares fell due to a disappointing forecast for Q4.

Tech - VentureBeat - October 29

AMD’s stock is getting hurt by this ‘unpalatable’ reality

One analyst says that AMD’s muted guidance is unlike what Wall Street has come to expect of “AI names.”

Business - MarketWatch - October 30

Jimmy Lai release is a priority for the UK, says PM

The British citizen and pro-democracy activist is facing trial in Hong Kong for sedition.

Harris Is Trying to Win Voters by Laying Out the Alternative

Also, Teri Garr found the soul in memorable ditsy blondes. Here’s the latest at the end of Tuesday.

Top stories - The New York Times - October 30

Nissan to lay off thousands of workers as sales drop

The Japanese car making giant has not yet said where in its global operations the job cuts will be made.

AMD’s AI punches are landing where it counts — against Nvidia

Not every AI customer wants or can afford Nvidia’s powerhouse Blackwell chip.

Business - MarketWatch - October 19

Beyond AI, AMD and Intel earnings will hit on another important trend

Next week, as the technology sector earnings reporting season begins in full force, the results from two rival chip makers, Intel Corp. and Advanced Micro Devices Inc., will give investors data on ...

Business - MarketWatch - October 26

AMD shares fall as forecast fails to impress despite strong AI growth

AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.

Business - CNBC - October 30

FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results

World - Financial Times - October 30

AMD's post-earnings slide is a buying opportunity. Here's why

Wall Street's reaction to the quarter continues an up-and-down month for shares of the AI chipmaker.

Business - CNBC - October 30

New Ryzen 7 9800X3D Is The Fastest Gaming CPU Out There, Says AMD

Just a week after the launch of Intel's latest generation of desktop CPUs, AMD has fired back with the announcement of the first 3D V-Cache-equipped chip in the company's 9000-series CPUs, with the ...

Tech - GameSpot - October 31

AMD unveils Versal Premium Series Gen 2 for data center workloads

Advanced Micro Devices announced its Versal Premium Series Gen 2 chip platform for data center customers doing AI processing and other work.

Tech - VentureBeat - 2 days ago

Zelenskyy lays out Ukraine ‘victory plan’ which Moscow calls an escalation

Ukrainian president wants ‘unconditional invite’ to join Nato and rules out conceding territory to Russia. The Ukrainian president, Volodymyr Zelenskyy, has laid out details of his “victory plan” ...

World - The Guardian - October 16

Meta lays off staff at WhatsApp and Instagram to align with 'strategic goals'

Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.”

Tech - ABC News - October 17

How Nasa’s Artemis Accords are laying the ground for global space cooperation

Space’s agency has expanded its diplomatic reach in recent months, signing 12 of 45 signatories since January. It was a simple pledge made amid the excitement of a landmark moment in space ...

World - The Guardian - October 20

Kraken Lays Off 15% of Workers and Names Arjun Sethi New Co-CEO

The influential cryptocurrency exchange has undergone several reorganizations in recent years.

Business - The New York Times - October 30

Trump is using election lies to lay the groundwork for challenging 2024 results

Donald Trump has spent months laying the groundwork to challenge the results of the 2024 election if he loses

Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.

Business - CNBC - November 6

Biden: Trump win lays to rest question of election ‘integrity’

President Biden on Thursday called on Americans to lay to rest questions about the integrity of elections, calling the system fair after President-elect Trump decidedly won the 2024 race. “I hope ...

Politics - The Hill - November 7

R.F.K. Jr. Lays Out Possible Public Health Changes Under Trump

Mr. Kennedy, an environmental lawyer who has no medical or public health degrees, has promoted anti-vaccine conspiracies for years.

Top stories - The New York Times - November 6

Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.

Enphase to lay off workers and end some operations in Mexico

Microinverter maker Enphase aims to “better align its workforce” with its business needs and will incur in up to $20 million in charges related to a restructuring.

Business - MarketWatch - 5 days ago

A 'jungle': Rome's teeming jail lays bare Italy's prison ills

World - Yahoo News - 5 days ago

Alitalia will lay off over 2,000 remaining employees as liquidation nears

World - Yahoo News - 4 days ago

Alitalia will lay off over 2,000 remaining employees as liquidation nears

Italy’s former national carrier Alitalia has started procedures for the collective dismissal of its remaining 2,059 employees

World - ABC News - 4 days ago

WATCH: Biden, Harris lay wreath at Tomb of the Unknown Soldier on Veterans Day

This is the first time Biden and Harris appeared together since Election Day.

Biden lays wreath at the Tomb of the Unknown Soldier to honor Veterans Day

President Biden and Vice President Kamala Harris were at Arlington National Cemetery Monday to participate in a wreath-laying ceremony at the Tomb of the Unknown Soldier in observance of Veterans ...

DNA-testing site 23andMe to lay off 40% of its workers

The once-popular general DNA-testing firm holds a trove of sensitive genetic data from its customers.

23andMe Lays Off 40% of Staff, Shuts Drug Development Business

The genetics company is closing a unit that was once seen as core to its future.

Business - The Wall Street Journal - 2 days ago

23andMe to lay off 40% of its workforce as stock price plummets

The genetic testing company 23andMe is cutting 40% of its workforce and ending its therapeutics program as its stock price continues to plummet. CBS News correspondent Carter Evans has more on what ...

France shuns COP29 as divisions deepen at UN climate summit

Argentina also withdraws negotiator as Azerbaijan’s President Ilham Aliyev lashes out at Emmanuel Macron

World - Financial Times - 8 hours ago

70 years on, families of missing British soldiers finally lay flowers on their graves

The four men had been in unmarked graves after they were killed in the Korean War.

AMD’s stock stands out from other AI names. What that may say about the market.

AMD’s stock is the only one of select AI names with a lower forward multiple now than its five-year average.

Business - MarketWatch - October 21

As AMD starts shifting focus to next year, just how high can AI revenue go?

Bullish expectations for AMD’s AI revenue came down sharply over the course of this year. Some analysts say early estimates for 2025 are already too high.

Business - MarketWatch - October 28

Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - October 31

AMD could still be a sleeper against Nvidia, but Wall Street isn’t yet convinced

Advanced Micro Devices Inc. executives made some bold statements about the company’s underdog AI accelerator chip Tuesday, and said it is ready to take the spoils from rival Nvidia Corp.

Business - MarketWatch - October 30

AMD and Alphabet hit earnings targets this week — now Apple, Amazon, Microsoft and Intel get their shot

The stock market is giving Big Tech tougher demands for its continued support.

Business - MarketWatch - October 30

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