Mouse-maker Logitech to Cut 525 Salaried Employees

From PC World: Logitech will cut 15 percent of its salaried employees as it expects weaker consumer demand for computer peripherals, it said Tuesday, just a month after shipping its billionth mouse.

The company has 9,000 employees, including manufacturing workers in China, with 3,500 of those on salary, according to a spokeswoman. The layoffs mean 525 workers will be laid off by the end of March.

Those expected to lose their jobs include managers and product developers, although the spokeswoman would not say how the layoffs will affect Logitech's product offerings. Manufacturing workers will not be reduced as of yet, she said.

Logitech also withdrew its fiscal year 2009 growth targets for operating income and sales. Logitech will update that guidance on Jan. 20, when it releases its results for the third quarter of its fiscal year.

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