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 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 you can find a PS3 anywhere in North America that's been on shelves for more than five minutes, I'll give you 1,200 bucks for it." -- SCEA President Jack Tretton
Logitech Unveils Washable Keyboard K310 for Messy Folk
August 22, 2012, 9:14 AM
Retiree Sues Apple For $7,500 for Wiping Honeymoon Photos From His iPhone
November 30, 2015, 10:23 AM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
OnePlus One, OnePlus 2 Will Receive Android Marshmallow in Q1 2016
November 16, 2015, 9:58 AM
Lenovo Whoa: Motorola Droid MAXX 2 and Turbo 2 Break Cover in Leaks
October 26, 2015, 3:12 PM
Leak: Apple Preps for First Real Android App Foray With New Apple Music App
October 24, 2015, 1:59 PM
Pepsi Smartphone? Empty Calories Coming Soon to the Midrange
October 12, 2015, 11:41 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information