- Associated Press - Thursday, November 3, 2011

SAN FRANCISCO (AP) - Advanced Micro Devices says it is cutting 10 percent of its workforce amid weak PC market.

The chip-maker made the announcement Thursday after the market closed.

Advanced Micro Devices Inc. says the cuts should help the company save $10 million in the fourth quarter and $118 million next year. The layoffs are expected to be finished by the end of the first quarter of 2012.

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