Logitech To Cut Jobs

Yet another company is suffering from the bad economy. Logitech announced that sales were down in Q3 2009. Sales amounted to $627 million, a decrease of 16% compared to $744 million in the same quarter last year. In addition to them reducing their operating expenses, they will be cutting back about 600 employees. The beleaguered company will be restructuring over the next year and has hopes that it will see results beginning in 2010.

Read More | Logitech