Update at 10:45 p.m. with additional information throughout.
Responding to "business realities," Nvidia is cutting its workforce by over six percent.
Nvidia, the world's largest graphics chip supplier, on Thursday announced a workforce reduction of 6.5 percent "to allow for continued investment in strategic growth areas," the company said in a statement. "As a result, Nvidia expects to eliminate approximately 360 positions worldwide, or about 6.5 percent of the company's global workforce."
The company expects to record restructuring-related charges of approximately $7 million to $10 million in the … Read more