Rambus to cut 21% of workforce
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From Times Wire Reports
Rambus Inc., the Los Altos, Calif., memory-chip designer that has reported six consecutive quarterly losses, will eliminate 21% of its workforce in an effort to revive profit.
Rambus will cut 90 jobs, costing the company $4 million in severance costs and other expenses, it said. The plan, which will reduce the workforce to 340 by year’s end, will cut annual costs by about $17 million.
Rambus shares rose 12 cents to $16.20.
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