Logitech Cuts 15 Percent of Staff
Fremont-based computer accessories maker Logitech said Monday that the firm will cut fifteen percent of its staff, as the firm has been hit be a deteriorating retail market. According to the firm, it will be cut its workforce globally by approximately 15 percent, as it expects the economic environment to worsen in coming months. The firm also said it is withdrawing its Fiscal Year 2009 growth targets for sales and operating income due to the recession.
posted on Tuesday, January 6, 2009
Related companies:
Logitech
Related stories:
> Digg Cuts 10 Percent of Staff
> AMD Chops 10 Percent
> SureWest Cuts Staff
> Logitech Buys Ultimate Ears
> Gaia Interactive Cuts 13 Percent
silicontap.com Home