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[AllThingsD] Logitech Lays Off 450

post #1 of 78
Thread Starter 
Quote:
The hammer has finally dropped at Logitech. The struggling peripherals maker said Friday that it’s sacking 450 employees as part of a global restructuring first announced in April.

The cuts, which will reduce the company’s workforce by about 13 percent, are expected to trim Logitech’s annual operating costs by $80 million.

Source

If you have stock: Sell, Sell, Sell!

The cuts reduce the company’s workforce by about 13 percent and are expected to trim Logitech’s annual operating costs by $80 million. The company promises that shareholders will see the move’s benefits by the second half of its current fiscal year.

I hope it works out for them.
 
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Folding for coinz
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post #2 of 78
I will be so sad if logitech goes under. I really love their hardware, always have - they've always made great stuff.
post #3 of 78
Logitech's total crap. Bought two crappy speakers off them. None of their keyboards are mechanical or decent.
post #4 of 78
Yeah I'm rooting for Logitech to pull out of this financial slump too. I've always found their products to be dependable at reasonable prices.
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post #5 of 78
Quote:
Originally Posted by xoleras View Post

I will be so sad if logitech goes under. I really love their hardware, always have - they've always made great stuff.

Quote:
Originally Posted by BinaryDemon View Post

Yeah I'm rooting for Logitech to pull out of this financial slump too. I've always found their products to be dependable at reasonable prices.

Their mice are better than Razer's in my opinion. Good quality stuff. And their headsets are pretty amazing too.
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post #6 of 78
Quote:
Originally Posted by BinaryDemon View Post

Yeah I'm rooting for Logitech to pull out of this financial slump too. I've always found their products to be dependable at reasonable prices.

Love my G15 thumb.gif
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post #7 of 78
Love my G5, since they gave it to me for free thumb.gif

Been the best and most reliable piece of hardware I've owned.

yes I know it's a peripheral, but you know what I meant
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post #8 of 78
<3 my mx518(s)
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post #9 of 78
I hope they dont go under. I love my G9x. Feels better and looks better than any Razer mouse I've used.
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post #10 of 78
Quote:
Originally Posted by tahayassen View Post

Logitech's total crap. Bought two crappy speakers off them. None of their keyboards are mechanical or decent.

I disagree completely. Their hardware has been nothing but fantastic for me. G500, G9x, wireless illuminated keyboard. All great.
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