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
A pro-Logitech comment
3/4/2013 12:51:18 PM
Logitech's $30 wireless keyboard is the only I've used (out of 9 wireless keyboards I've tried, 4 Microsoft) that actually works. No noticeable lag, works from 30 feet away, no random disconnection, battery lasts for over a year.
Service: A friend and I have G930 wireless headsets. His had a problem after 14 mo.; Logitech had a replacement sent the day after his return arrived. No trouble, no 3 layers of tech support.
I stepped on my headset's USB dongle. Logitech supports their products like any good company -- I was able to buy a replacement part, rather than a replacement headset, for $10 (or $15 or whatever).
In contrast, Microsoft's peripherals have been horrible. I've thrown away a dozen MS mice because of a well-known problem where they stutter horribly after sleep mode until power cycled.
Microsoft's keyboards -- god damn don't even get me started on what horrible pieces of crap they are, with keys randomly switching and other problems.
"Intel is investing heavily (think gazillions of dollars and bazillions of engineering man hours) in resources to create an Intel host controllers spec in order to speed time to market of the USB 3.0 technology." -- Intel blogger Nick Knupffer
Logitech Unveils Washable Keyboard K310 for Messy Folk
August 22, 2012, 9:14 AM
AT&T Defeats Purpose of New Apple SIM, Locks iPad Air 2 SIMs to Its Network
October 24, 2014, 2:17 PM
Get Ready for "Microsoft Lumia" Smartphones in Next Few Months
October 24, 2014, 12:26 PM
Report: Samsung Galaxy S5 to Receive Android 5.0 Lollipop in December
October 24, 2014, 11:26 AM
Dreadful Fire Phone Sales Lead to $170M Writedown for Amazon
October 24, 2014, 8:55 AM
Xiaomi Moves Data Out of China to Woo EU, America, Escape Security Concerns
October 23, 2014, 5:11 PM
Android Wear’s First Major Update Brings GPS, Offline Music Support
October 23, 2014, 1:34 PM
Most Popular Articles
Chinese Government Declares Digital War Against America's Top Tech Firms
October 20, 2014, 12:07 PM
Samsung Announces Galaxy S5 Plus with Snapdragon 805 Processor, LTE-A
October 22, 2014, 3:40 PM
Windows 8.1 + Android "Sell Mini PC" w/ Bay Trail Creates New PC Form Factor
October 20, 2014, 5:07 PM
Apple's iPad Air 2 Features Triple-core A8X Processor, 2GB of RAM
October 21, 2014, 8:32 PM
Apple Releases iOS 8.1; Adds Apple Pay Support, SMS Relay, Instant Hotspot
October 20, 2014, 1:00 PM
Latest Blog Posts
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
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information