Logitech Laying Off 5 Percent of Global Workforce, Focusing on Mobile
March 1, 2013 6:46 PM
comment(s) - last by
That's about 140 employees
Logitech's new CEO has clearly been busy, as a new company-wide reorganization plan has been laid out -- and it includes a number of layoffs.
Logitech plans to lay off 5 percent of its worldwide workforce, which is about 140 employees. This decision will give the company a charge of $12 million to $14 million in the fourth quarter of the 2013 fiscal year.
By doing this, Logitech hopes to place more focus on its key businesses, including
and mobile products. Logitech, like most tech companies, is realizing that the PC market is slowing substantially in favor of mobile devices like smartphones and tablets. Hence, moving along with this trend will help it during its troubling times.
“As we align the organization with our strategy to become a faster, more profitable company, we have also created opportunities to become more focused, improve operational effectiveness and even deliver additional cost savings that will contribute to improved profitability,” said Bracken P. Darrell, Logitech president and chief executive officer. “These actions support our goals to develop outstanding mobility- and PC-related products, streamline our cost structure and achieve faster times to market.”
Logitech is undoubtedly in a bit of a slump after posting an operating loss of $180 million on sales of $615 million during the fiscal third quarter.
This article is over a month old, voting and posting comments is disabled
RE: Sorry to Hear Logitech is Losing Money
3/4/2013 8:14:40 AM
I am still using all my Logitech products to replace various other ones over the years and none have yet broken down:
Logitech MX518 - 2005 to Present (8 hours usage daily)
Logitech G9 - 2009 to Present (Home then Laptop mouse)
Logitech G500 - 2010 to Present (Primary Home Mouse)
Logitech G15 - 2005 to Present
Logitech G19 - 2010 to Present
No reliability issues in any of the keyboards or mice which includes various cheaper ones I've had since before 2005.
RE: Sorry to Hear Logitech is Losing Money
3/4/2013 9:13:09 AM
Some products may be fine, but my point was that there are products that are known to be inherently poor in terms of quality.
Ebay used to list replacement cables for the G5 as it was widely known that the braided cable was prone to breaking where it connects to the mouse, and again, the G7 that i mentioned, there are not tutorials online detailing how to repair the double click issues because it was a one off fault. Nor is the connectivity issues of the Edge a one off issue, it is widely experienced.
Logitech make some great products, and they make some great products with major design faults. I have a handful of logitech mice and keyboards that have worked flawlessly since i bought them in maybe 2002/3. But i bought a second dinovo edge 2 months ago, new, and for the price paid i should not have to sit with the word "design" *written above( half finnished while i wait 5 seconds for my keyboard to reconnect to the bluetooth dongle. This is a widely accepted issue, and should not be present in a £120 keyboard.
"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard
Logitech Unveils Washable Keyboard K310 for Messy Folk
August 22, 2012, 9:14 AM
IPotty and iPad Tot Seat Ignite Controversy: Brilliant or "Destructive"?
December 10, 2013, 6:22 PM
Quick Note: Sleek White Second-Gen Nexus 7 Goes on Sale for $269
December 10, 2013, 4:55 PM
Illinois Considers Ban on Google Glass While Driving
December 10, 2013, 10:21 AM
EU to Nokia: Don't Even Think About Becoming a Patent Troll
December 9, 2013, 10:29 AM
Apple's "iBeacon" Tracks Customers Inside Apple Stores for Enhanced Shopping Experience
December 6, 2013, 11:26 AM
Apple Says 74% of Its Mobile Devices Now Run iOS 7
December 6, 2013, 10:06 AM
Most Popular Articles
Experts: Masturbation Prevents Cancer, Diabetes, Insomnia, and Depression
December 6, 2013, 2:01 PM
Hackers Nab 2 Million Login Credentials from Facebook, Gmail, Twitter
December 5, 2013, 1:00 PM
Thieves Steal Truck with Cobalt-60 Onboard in Mexico, Will Die "Without a Doubt" from Exposure
December 5, 2013, 12:04 PM
Man Arrested for Using 5 Cents Worth of Electricity to Charge Nissan Leaf at Middle School
December 4, 2013, 8:00 PM
U.S. Navy Fires "XFC" Drone from Underwater Submarine
December 6, 2013, 2:35 PM
Latest Blog Posts
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
Is The Period Becoming an Expression of Anger?
Nov 26, 2013, 2:02 PM
NSA and Congress -- You Will Never Kill the Constitution, It's an Idea
Nov 10, 2013, 2:00 PM
AT&T Explores $100B+ USD Deal to Acquire Vodafone's European Operations
Nov 4, 2013, 7:34 AM
More Blog Posts
Copyright 2013 DailyTech LLC. -
Terms, Conditions & Privacy Information