Applied Materials cutting 12 percent of jobs (Reuters)

[riky]

Applied Materials cutting 12 percent of jobs
    (Reuters)

 

Reuters - Applied Materials Inc , the No. 1 computer chip-equipment maker, posted a smaller-than-expected drop in quarterly profit and said it will slash 1,800 jobs, or 12 percent of its workforce to cut costs, boosting its shares more than 5 percent.


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