Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

Logitech Takes a $35 Million Restructuring Charge

450 jobs cut

Jun 8 2012, 1:00pm CDT | by

11 Updates
Logitech Takes a $35 Million Restructuring Charge
 
Buy Logitech from Amazon Cyber Monday and Black Friday Now
 

YouTube Videos Comments

Recommend Your Tweet as Top Tweet:

Full Story

Logitech Takes a $35 Million Restructuring Charge

Logitech has announced that it will be taking a $35 million restructuring charge in its current fiscal year. The $35 million is the cost of restructuring the organization to free up resources and return to profitability. Logitech expects restructuring the net $80 million in annual operating cost savings. The savings will be seen fully in fiscal 2014.

The restructuring will see 450 jobs eliminated amounting to 13% of Logitech's global non-direct labor workforce. Logitech says that about 60% of the $80 million in savings it expects to see will be from the elimination of jobs. “As we announced in April, this organizational streamlining, along with our strategy to deliver fewer but more compelling products, should position Logitech for renewed growth and profitability,” said Bracken Darrell, Logitech president. “While we are saddened by the departure of many colleagues, the restructuring is necessary for our future success.”

 

You Might Also Like

Updates


Sponsored Update

Update: 11

9to5Toys Lunch Break: LifeProof nüüd for iPad mini $30, VIZIO/Sony sound bars from $175, Blek for iOS $1, more

Source: 9to5Mac

Prince Charles Visits Sony UK Technology Centre
Be sure to follow 9to5Toys to keep up with the best gear and deals on the web: Twitter, RSS Feed, Facebook, Google+ and Safari push notifications. Today’s can’t miss deals: Daily Deals: LifeProof nüüd Cases for iPad mini: $30, 7800mAh Portable Charger: $35, more Refurbished Bluetooth sound bars w/ subs: 42″ VIZIO $175 (Reg. $330 new), 46″ Sony $200 (Reg. $370 new) Games/Apps: Cut the Rope Experiments $1 (Reg. $2), Blek $1 (Reg. $3), iOS freebies, more Other new deals: New! Woot ...
Source: 9to5Mac   Full article at: 9to5Mac 10 hours ago, 11:34am CDT
 


Advertisement


Update: 10

Making Harmony remotes aware of Roku devices

Source: Mac World

The Pensado Awards
Reader Doug Dyson has what may be an unrelated-to-what-I-normally-write-about question. He asks: I’ve heard you say that you like Logitech’s Harmony Remote universal remote control. I have one too, but I can’t seem to make it work with my Roku set-top box, yet it’s fine with all my other gear. Any ideas? You’re not alone. Much as I love the convenience of having one hardware remote control to manage all my gear, Logitech has let the software side ...
Source: Mac World   Full article at: Mac World 12 hours ago, 9:00am CDT
 

More From the Web

Update: 9

Refurbished Logitech T651 Rechargeable Trackpad for Mac $22.99 w/code Free Shipping

Source: The Mac Resource Page

Swiss electronics manufacturer Logitech
You can pick up a refurbished Logitech T651 Rechargeable Trackpad for Mac for just $22.99 at Meritline when you apply promo code "MLCKA08VNL1" at checkout. You will also get free shipping on the deal. This roomy trackpad allows you to navigate your Mac using gestures. This device works with MacBook, MacBook Air and iMac with Mac ...
Source: The Mac Resource Page   Full article at: The Mac Resource Page 1 day ago, 12:00am CDT
 

Update: 7

Logitech K350 2.4Ghz Wireless Keyboard $34.99 Free Shipping

Source: The Mac Resource Page

Swiss electronics manufacturer Logitech
This week Staples features the Logitech K350 2.4Ghz Wireless Keyboard for $34.99 with free shipping included. The K305 features a Wave design with Constant Curve layout and cushioned palm rest. The tiny Unifying receiver can stay in your notebook and the battery will ...
Source: The Mac Resource Page   Full article at: The Mac Resource Page 3 days ago, 12:00am CDT
 

Update: 6

Refurbished Logitech Harmony 650 Universal Remote Control $41.95 w/Code Free Shipping

Source: The Mac Resource Page

Swiss electronics manufacturer Logitech
You can get a refurbished Logitech Harmony 650 Universal Remote Control for $41.95, from Meritline, if you apply coupon code "MLCKY30JNL1" at checkout. You will also get free shipping as part of this deal. The harmony 650 can replace up to 5 other remot ...
Source: The Mac Resource Page   Full article at: The Mac Resource Page Jun 30 2014, 12:00am CDT
 

Update: 5

Refurbished Logitech H800 Wireless Headset $39.99 w/code Free Shipping

Source: The Mac Resource Page

Swiss electronics manufacturer Logitech
You can get a refurbished Logitech H800 Wireless Headset for $39.99 when you use promo code "MLCKY30JNL1" and they will ship for free. This 2.4 GHz headset features On-Ear Controls, Built-In Equalizer, Bluetooth Technology, Foldable Design ...
Source: The Mac Resource Page   Full article at: The Mac Resource Page Jun 30 2014, 12:00am CDT
 

Update: 4

The most popular stories on BetaNews this past week: June 22 -- 28

Source: BetaNews

Creative Industries Council Launches Create UK
The battle for dominance between Microsoft and Google continued, with Microsoft offering a huge storage boost for Office 365 and OneDrive users. This was quickly trumped by Google later in the week at 1/0 2014, when the company announced unlimited storage for Google Drive for Work users. Microsoft is basking in the glory of being heralded as cooler than Apple by Joe -- and stunts like offering cashback deals to sway MacBook Air owners into switching into Sur ...
Source: BetaNews   Full article at: BetaNews Jun 28 2014, 6:15am CDT
 

Update: 3

Refurbished Logitech Z515 Wireless Bluetooth Speaker System $42.99 w/code Free Shipping

Source: The Mac Resource Page

Wireless Festival 2014 - Day 2
Meritline has refurbished Logitech Z515 Wireless Bluetooth Speaker Systems for $42.99 when you use promo code "MLCKY27GNL1" and it ships for free. This wireless, rechargeable speaker lets you stream your music from anywhere in the room ...
Source: The Mac Resource Page   Full article at: The Mac Resource Page Jun 27 2014, 12:00am CDT
 

Update: 2

Refurbished Logitech T631 Ultrathin Touch Mouse for Mac $30.99 w/code Free Shipping

Source: The Mac Resource Page

Swiss electronics manufacturer Logitech
You can get a refurbished Logitech T631 Ultrathin Touch Mouse for Mac for $30.99 when you apply promo code "MLCKY26FNL1" and you will also get free shipping. This good looking mouse perfectly complements your Mac, and it also take full adva ...
Source: The Mac Resource Page   Full article at: The Mac Resource Page Jun 26 2014, 12:00am CDT
 

Update: 1

Daily Deals: Logitech Bundle, Injustice, Final Fantasy, Superman Comics

Source: IGN

Swiss electronics manufacturer Logitech
Logitech Gaming Headset, Keyboard, Mouse & Mouse Pad Package $89.99 $59.99 Ninety bucks worth of solid PC gaming gear for the price of one new game. Not as explosive as yesterday's Razer/Steam Wallet deal, but the headset, keyboard, mouse, and mousepad are all well reviewed on A ...
Source: IGN   Full article at: IGN Jun 25 2014, 2:48pm CDT
 

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at shane@i4u.com.

 

 

Comments

blog comments powered by Disqus

Latest stories

Richard Sherman Disses Michael Crabtree on American Muscle
Richard Sherman Disses Michael Crabtree on American Muscle
Seattle Seahawks cornerback Richard Sherman reiterated his dislike for San Francisco 49ers wide receiver Michael Crabtree in the premiere episode of American Muscle on July 9.
 
 
Cleveland Cavaliers Trade Jarrett Jack, Eye Kevin Love
Cleveland Cavaliers Trade Jarrett Jack, Eye Kevin Love
The Cleveland Cavaliers traded Jarrett Jack, Sergey Kasarev and Tyler Zeller in deals with the Brooklyn Nets and Boston Celtics on July 9. The Cavaliers are also reportedly eyeing All-Star forward Kevin Love.
 
 
LeBron James to Meet With Pat Riley in Las Vegas
LeBron James to Meet With Pat Riley in Las Vegas
Free-agent forward LeBron James met with Miami Heat president Pat Riley in Las Vegas on July 9 to discuss his future with the team.
 
 
Alien Isolation Pre-order Gets 25% Discount + &quot;Nostromo Edition&quot; DLC
Alien Isolation Pre-order Gets 25% Discount + "Nostromo Edition"
Ellen Ripley becomes playable in the new Alien Isolation if you pre-order the game. Perfect timing with a 25% off coupon code for the PC version.