Logitech is looking to make some major changes, and part of that plan is a reduction to its workforce.
The company announced today that it will lay off 5 percent of its worldwide workforce, or about 140 employees, and take a charge related to that of $12 million to $14 million.
Logitech has been going through an exceedingly tough time. The company posted an operating loss of $180 million during its fiscal third quarter (calendar fourth quarter) on sales of $615 million. The company's sales were down 14 percent compared with the same period last year.
That trouble prompted … Read more