AMD China denies lay-off rumors, calling a “minor optimization and reorganization”

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AMD stated on October 26 that, “The rumors online are false. There have been minor optimizations and reorganizations within the company structure recently b<span style="color: auto ">ased</span><span style="color: auto "> </span><span style="color: auto ">on</span><span style="color: auto "> </span><span style="color: auto ">adjustments</span><span style="color: auto "> </span><span style="color: auto ">to</span><span style="color: auto "> </span><span style="color: auto ">the</span><span style="color: auto "> </span><span style="color: auto ">company’s</span><span style="color: auto "> </span><span style="color: auto ">strategy."</span></p> <p><img src='http://s.laoyaoba.com/jwImg/783955776048.82287166984980.76373.jpg'></p> <p>AMD added that to adapt to market changes, the company will continue to recruit for key areas of its business in the China region.</p> <p>According to AMD’s Q2 financial report, the company generated $53.59 billion in revenue during the second quarter of this year, down by 18% year on year. The net profit was $27 million, down by 94% year on year.</p> <p>AMD expects revenue in the third quarter of fiscal year 2023 to be around $5.7 billion, plus or minus $300 million.</p> </div> <div class="tags flex-row-feft">  <a href="/search/Markets" target="_blank" >Markets</a > <a href="/search/AMD" target="_blank" >AMD</a > <a href="/search/IC%26Tech" target="_blank" >IC&Tech</a > <a href="/search/AMD" target="_blank" >AMD</a > </div> <div class="shareList flex-row-feft"> <img src="/images/08d82def397b937d6afb4a6f9b862a8b.png" alt="linkedin" onclick="shareLinkedin()" /> <img src="/images/a0ff8165efe409e3fc922478f96afd93.png" alt="twitter" onclick="shareTwitter()" /> <img src="/images/e1163fca54550c2bd2fe0ffffd4f4fb0.png" alt="facebook" onclick="shareFaceBook()" /> <img src="/images/450cf2d3105fdd1ce67d5c3090643f07.png" alt="line" onclick="shareLine()" /> <div class="toast">Copy succeeded</div> <img src="/images/94bcdf0c33fc092bf26cdc1b10d91ea5.png" alt="link" onclick="copyfun()" /> <textarea style="position: absolute; 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AMD China denies lay-off rumors, calling a “minor optimization and reorganization”