Reuters: Technology News: Chipmaker AMD announces layoffs as PC sales stumble

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Chipmaker AMD announces layoffs as PC sales stumble Oct 18th 2012, 20:24 By Noel Randewich SAN FRANCISCO | Thu Oct 18, 2012 4:24pm EDT SAN FRANCISCO (Reuters) - PC chipmaker Advanced Micro Devices said it will cut its workforce by 15 percent in a bid to reduce operating expenses, its second round of layoffs in less than a year as it struggles with a weak global economy and a consumer shif toward tablets.

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