AMD Layoffs: 4% of staff being cut after mixed Q3 earnings

What’s going on at AMD?

Advanced Micro Devices, Inc. (AMD) is slashing approximately four per cent of its global workforce after mixed Q3 2024 earnings.

A company spokesperson confirmed the reduction to Wccftech—claiming that the move is “part of aligning our resources with our largest growth opportunities.”

“[We are] committed to treating impacted employees with respect and helping them through this transition,” AMD said in a statement.

Several individuals posted on sites, including The Layoff, that they had been let go by the computer chip designer.

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Impact on Canadian staff

It remains unclear if Canadian employees are affected by the latest round of layoffs at AMD.

According to LinkedIn, the company employs more than 3,700 people in the country.

Your rights

In Canada, non-unionized employees at AMD are entitled to full severance pay when they lose their jobs due to downsizing, corporate restructuring, or the closure of the business.

This applies to individuals working full-time, part-time, or hourly in Ontario, Alberta, and British Columbia. In some cases, this can also apply to independent contractors.

Key Severance Facts:

• Severance can be as much as 24 months’ pay—depending on age, length of service, position at the company, and other factors.
• In addition to salary, severance may cover bonuses, commissions, and other compensation.
• You have up to two years from the date of your termination to pursue full severance pay—regardless of any employer-imposed deadlines, which aren’t legally enforceable.

WATCH: Employment lawyer Lior Samfiru explains severance rights if you’ve been downsized on an episode of the Employment Law Show.

Before you sign a severance package

Use our firm’s free Severance Pay Calculator to confirm that the offer you received from your employer is fair.

This interactive tool has helped millions of Canadians determine their severance entitlements.

In the event that your employer’s offer falls short of what our calculator says you’re owed, it’s very likely you’ve been wrongfully dismissed and should contact an experienced employment lawyer at Samfiru Tumarkin LLP.

If you’ve already accepted a severance offer, don’t panic. Connect with a member of our team as soon as possible.

LEARN MORE
• Severance pay for provincially regulated employees
• Rights to severance for tech sector staff
• Are severance packages different during mass layoffs?
• Severance entitlements in a recession

Major layoffs continue

As 2024 draws to a close, AMD isn’t the only major employer trimming their headcount.

Other big names, including Audi, Volkswagen, Align Technology, Mozilla Foundation, Visa, Nokia, Deloitte, ApplyBoard, Qualcomm, and IBM, have also pulled out the axe as they continue to navigate challenging economic conditions.

SEE ALSO
• Amazon Layoffs: Nearly 14,000 managers could be axed to cut costs
• CareerBuilder + Monster lays off 15% of staff: Report
• Where are layoffs happening in Canada?

Lost your job? Contact us

If you’ve been fired or let go for any reason, contact the experienced employment law team at Samfiru Tumarkin LLP.

Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized individuals.

In addition to severance package negotiations, we can assist you on a broad range of employment matters, including:

If you’re a non-unionized employee who needs help with a workplace issue, contact us or call 1-855-821-5900 to get the advice you need and the compensation you deserve.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and should not be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.