Toshiba posts $4.5 billion annual loss and plans to restructure
by from Techreport on (#YCC5)
Toshiba is navigating in troubled waters. The company has forecast a $4.5 billion operating loss for its fiscal 2015, and it's planning to cut 7,800 jobs and several of its businesses. The firm notified stockholders of the operating loss and the consequent lack of a stock dividend for March 2016, chiefly because of an accounting scandal that unfolded this year.
The beleaguered company has lost roughly half its market value since March, and now plans to restruture its business operations. To that end, it's ...