Advanced Micro Devices unveiled a restructuring plan today that will reduce its global workforce by 10 percent, or about 1,400 jobs, by 2012.
The layoffs, which are expected to save the company $200 million, represent the first major action by new CEO Rory Read, who took the helm of the chipmaker in August.
"Reducing our cost structure and focusing our global workforce on key growth opportunities will strengthen AMD's competitiveness and allow us to aggressively pursue a balanced set of
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