Sunday March 03, 2013

Logitech to Lay Off 140 Employees

Logitech has joined the long line of well established companies facing cutbacks due to sagging sales last year. Like other companies, Logitech is seeking to sell off unprofitable divisions, discontinue low percentage sales items and concentrate on the company’s core products.

That trouble prompted Logitech to announce in January that it will try to sell its Harmony Remote business, as well as its digital video security division. The company is discontinuing its speaker docks and console gaming efforts by the end of the year.

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