Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday December 22, 2015

Toshiba Cutting 7,800 Jobs

Toshiba announced plans today to cut 7,800 jobs (6,800 in consumer electronics and an additional 1,000 corporate jobs) as the company tries to turn things around as it faces record losses for the current fiscal year.

Toshiba plans to cut 7,800 jobs, mostly in its consumer-electronics business, as it reorganizes in the face of projected record losses for the current fiscal year. The Japanese conglomerate has been struggling with the aftermath of a major accounting scandal, compounded by troubles in nuclear energy and losses in the business that makes personal computers, TVs and consumer appliances.