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.
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.
Big Black Behemoth
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Big Black Behemoth
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