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NVIDIA To Cut 6 Percent Of Workforce

THE NEW YORK TIMES reports that graphic chip maker NVIDIA will lay off about 6.5 percent of their employees, or close to 360 people.

Spokesman Hector Marinez told the TIMES the layoffs will hit all of NVIDIA's global offices and departments and should be complete by October. NVIDIA has plans to take a $7 million to $10 million charge in its third quarter to cover the restructuring.

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