Fans of Logitech’s accessories will probably be bummed to hear the company has announced it plans to lay off 140 of its employees, or nearly 5 percent of its non-direct workforce. The layoffs are being implemented as part of an organizational alignment which the company hopes will help make the company become “a faster, more profitable company.”
Logitech plans to focus more on its mobile accessories such as the Ultrathin Keyboard Cover for iPad as its PC accessories business hasn’t been performing as well as the company would hope.
As a result of the realignment, Logitech expects to save between $16 to $18 million in its 2014 fiscal year. (more…)
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