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Chipmaker AMD announces layoffs as PC sales stumble

US-AMD-RESULTS:Chipmaker AMD announces layoffs as PC sales stumble

By Noel Randewich

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.

(Reporting By Noel Randewich; editing by Carol Bishopric)

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