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restructuring articles

AMD is cutting five percent of its workforce

Advanced Micro Devices is planning to trim about five percent of its global workforce as part of a cost-saving restructuring effort. Drew Prairie, a spokesperson for the company, told Reuters that just shy of 500 employees would lose their jobs.

Samsung reportedly mulling major management shake-up

A few weeks after Samsung reported disappointing third quarter results, with operating profit falling to its lowest level in more than three years, the company is mulling a major change in leadership. According to a Wall Street Journal report, Samsung's…