Micron Technology Inc., the world's second-largest maker of memory chips behind Samsung Electronics Co., plans to cut about 10 percent of its work force, or about 1,870 employees, as sales slump and prices fall.
Most of the jobs will be lost in the next week. Some of the workers may be rehired if business improves, a spokesman said. In its announcement, the company did not provide details on expected cost savings and expenses related to the job cuts. This is the first round of layoffs Micron has imposed since 1985. (Bloomberg News, Associated Press)
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