John Paczkowski

Recent Posts by John Paczkowski

Toshiba to Lay Off 3,000 From Troubled TV Unit

vintage_tv_adToshiba is taking some drastic measures to shore up its poorly performing TV division.

On Monday, Toshiba said it would halve its TV workforce, sacking some 3,000 employees, and announced plans to shutter two of its three TV-production facilities by fiscal year’s end. Brutal measures, but presumably necessary for a business that has lost about $1 billion over the past two years.

Like other electronics makers, Toshiba has been hard hit by a decline in TV demand, and try as it might, it hasn’t yet been able to stanch the losses stemming from that business. Together with the $101 million in cost cuts announced in July, Toshiba expects these latest measures to return its TV business to profitability.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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