Flash memory manufacturer Spansion will cut its global work force by 35%, or about 3,000 jobs.
Sunnyvale, California-based Spansion said the cuts will take place mainly at manufacturing sites.
Spansion expects to save about $225 million yearly after the job cuts, but incur charges of $25 million during the first half of this year.
In January, Spansion said it was looking at strategic alternatives that could include selling itself or merging with a similar company.
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