AMD to Layoff up to 450 People From Radeon GPU Division as Profits Drop by 94% YoY

AMD may lay off as many as 450 people from its R&D center in Shanghai, China. The layoff ratio in this round is allegedly 10-15%, with the bulk being from the Radeon Technology Group (RTG). RTG is AMD’s GPU Division responsible for the RDNA dGPUs, iGPUs, and custom console designs. AMD’s R&D center in Shanghai is its largest R&D center outside the US, with up to 3,000 active employees.

According to insiders, all internal conference rooms in Shanghai have been booked by HR for the 25th of October, a common practice before layoffs. The Shanghai R&D Center has contributed much to the Ryzen CPU family and the Radeon iGPUs found on notebook processors.

Alan Wake 2 PC Performance: NVIDIA RTX 4090 is up to 4x Faster than the AMD RX 7900 XTX

AMD’s Radeon “RTG” Division hasn’t been doing that well. NVIDIA one-upped its Radeon RX 6000 and 7000 series GPUs with superior ray-tracing (dubbed RTX) and upscaling (DLSS) technologies. Although open-source, AMD’s FSR 2 hasn’t seen the same adoption as its rival. The third iteration, FSR 3, was a year late to the market, touching base when DLSS 3 was already supported in several dozen titles.

If that wasn’t bad enough, AMD has allegedly scrapped its next-gen higher-end Radeon RX 8800 and 8900 series GPU, leaving the lucrative high-end segment entirely. Team Red re-entered the enthusiast market with the RDNA 2 family after a several-year hiatus, and within two generations, history may repeat itself.

AMD’s financial earnings for the second quarter of 2023 came in at $5.4 billion, a YoY dip of 18%. However, the net profit was a mere $27 million, a 94% decrease from the $447 million recorded last year.

Intel 15th Gen Arrow Lake CPUs Already Running in Labs, Launching in Late 2024

Source: ICSMART.

Areej Syed

Processors, PC gaming, and the past. I have written about computer hardware for over seven years with over 5000 published articles. I started during engineering college and haven't stopped since. On the side, I play RPGs like Baldur's Gate, Dragon Age, Mass Effect, Divinity, and Fallout. Contact:
Back to top button