Advanced Micro Devices

AMD Cuts 10% Workforce

In the latest sign that the tech sector in general and Silicon Valley in particular is feeling the pinch of reduced spending and an overall slowdown, yet another big employer slashed its workforce. The New York Times reports that Advanced Micro Devices said it would cut about 1,650 workers.

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Stock Symbol: AMD ADV MICRO DEVICES Stock Price: $4.65 Todays Change: -0.65 (-12.26%)