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AMD Plan To Cut 500 Jobs

AMD Plan To Cut 500 Jobs

AMD expects to take a charge of US$42 million, with $41 million of that recorded in the just-ended Q3. The chipmaker expects savings of about $58 million in 2016 from the restructuring plan which includes outsourcing some IT and application development services

The company will cut white-collar jobs in its California headquarters and manufacturing plant in Texas, but stresses that it’s not shutting down any of its operations.