Toshiba cuts 900 jobs amid PC business restructuring

The Japanese PC maker will leave the business-to-consumer business in certain regions in efforts to refocus its efforts in the enterprise market.

Image: CNET/CBS Interactive

Toshiba will cut 900 jobs globally as it restructures its PC business, the company announced.

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The move is in order to "secure consistent profit," the Japanese technology giant said in a statement on Thursday.

The job cuts will be made in the current financial year, which are aimed to help cut costs by more than $184 million.

But one loss is another gain: Toshiba said it will ramp up its business-to-business (B2B) offering by expanding its product range — including workstations and tablets, and diversifying its business partners.

This is expected to grow B2B sales to over 50 percent in the fiscal year of 2016, it said.

A Toshiba spokesperson said that the U.S. consumer business will "remain intact" on both the consumer and enterprise side.

Toshiba makes PCs and tablets for a range of consumer and business customers, including Google's Chromebooks . However, it's not clear whether or not Chromebooks would be affected by the restructuring.

The electronics giant expects the PC restructuring to cut operating profit by about $415 million, but did not alter its earnings guidance for the current year.

Updated on September 19: with Toshiba spokesperson statement.


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