Logitech to cut staff, revise earnings forecast

Computer peripherals vendor will announce details of its plans on January 20 with its Q3 results

Computer peripherals vendor, Logitech, has announced plans to slash its salaried workforce globally by 15 per cent and signalled intentions to revise down its 2009 growth targets for sales and operating income.

In a release, CEO and president, Gerald P. Quindlen, attributed the developments to a weak retail environment and reduced customer inventories while claiming the economic environment would worsen in coming months.

Savings from the workforce cut are expected to bear fruit in the first quarter of the 2010 financial year, with details of the revised earnings targets and restructuring to be announced along with the company’s Q3 results on January 20, the statement said.

Calls to Australian Logitech representatives went unanswered at time of publication.

Logitech joins other companies like Sony, Ericsson, Adobe, and HP in announcing staff cuts and comes on the back of the most recent Olivier Job Index results, which showed Australian IT&T job advertisements fell 37 per cent in 2008.

Logitech held its first Australian partner awards in Sydney in July, 2008.

Join the PC World newsletter!

Error: Please check your email address.

Tags logitech

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?