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Logitech to lay off 15% workforce

by on06 January 2009


Low demand and global economy downturn


Logitech, a well known peripherals manufacturer has announced its plans to lay off 15% of their workforce. The reason for this is weak consumer demand and the global economic crisis.

15% accounts for about 3,500 employees, and it’s not a small number, especially for a company that’s not quite a giant.

Logitech also announced that they will have additional restructuring in the fiscal fourth quarter, but they’ll provide details after they see Q3 results.

More here.

Last modified on 06 January 2009
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