Rambus to lay off around 15% in restructuring

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Rambus on Wednesday said it would lay off around 15 percent of staff as part of a restructuring effort in which the company is trying to curb expenses to improve profitability.

Rambus currently has about 500 employees, said Linda Ashmore, a company spokeswoman. A majority of the cuts are being made in the general and administrative operations, and Ashmore declined to provide further details on where job cuts were being made.

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