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Logitech Withdraws Guidance; Sets 15 Percent Workforce Cut

in News on January 6, 2009 at 4:21 am PT

Late Monday, Logitech said it is withdrawing its sales and operating income growth targets for the March 2009 fiscal year. The maker of computer peripherals and other consumer electronics accessories also said it will reduce its global workforce by about 15 percent. The company has about 9,400 employees, suggesting the loss of about 1,400 jobs.