Logitech cuts 140 jobs worldwide in efforts to refocus on mobility

Logitech cuts 140 jobs worldwide in efforts to refocus on mobility

Summary: The audio, video and accessory maker will cut around 5 percent of its workforce in a bid to alter its priorities to "focus on mobility products" and other global operational efficiencies.

TOPICS: Mobility

Logitech today said it will cut 140 jobs—around 5 percent of its "non-direct" global workforce—in yet another company realignment that will see the firm refocus its efforts on mobility.

Logitech makes a number of mobility-related products, as well as for the PC, but will shift its focus to take advantage more of the growing mobile market. (Sarah Tew/CNET)

The firm said in a press release: "These priorities include increasing focus on mobility products, improving profitability in PC-related products and enhancing global operational efficiencies."

In doing so, it will help the company focus on shifting markets, notably the ever-growing uptake in mobility products, such as mobile keyboards and accessories for post-PC devices.

The company aims to save around $16-$18 million in operating expenses during the 2014 fiscal year. This adds to the $80 million savings in annual costs as a result of last year's restructuring.

In January, after a "disappointing" third quarter, the company offloaded its Harmony remotes division in order to focus on the more lucrative mobile device market.

Today's layoffs will see the company record a $12-$14 million charge in its fourth-quarter earnings expected in late April. 

Topic: Mobility

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