Advanced Micro Devices Said to Plan Up to 2,340 Job Cuts
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Advanced Micro Devices Inc., the second-largest maker of processors for personal computers, plans to cut as many as 2,340 jobs, or about 20 percent of its workforce, a person with knowledge of the matter said.
The cuts are expected to be announced as early as next week, said the person, who asked not to be named because the plans aren’t public. At least 10 percent of AMD’s staff of about 11,700 will be affected, the person said yesterday.