Logitech has announced that it is restructuring its business in order to better focus on mobile products while enhancing its PC-related product offerings and improving efficiency. As such, $16 to $18 million will be saved this fiscal year from layoffs of roughly 140 people (5 percent of its global workforce), in addition to the $80 million in restructuring enacted in April 2012.
“As we align the organization with our strategy to become a faster, more profitable company, we have also created opportunities to become more focused, improve operational effectiveness and even deliver additional cost savings that will contribute to improved profitability,” said Bracken P. Darrell, Logitech president and CEO. “These actions support our goals to develop outstanding mobility- and PC-related products, streamline our cost structure and achieve faster times to market.”
