Toshiba cuts over 14,000 jobs worldwide
by from Techreport on (#1AZA3)
Over the past few months, we've been reporting on financial troubles at Toshiba. In December, the company announced its intent to lay off 7,800 workers in 2016 as part of a plan to stabilize its business. That news was bad enough on its own, but according to Nikkei Asian Review, Toshiba has announced that it now plans to cut over 14,000 jobs, or almost double the number it projected in its December announcement.
7,610 of the jobs on the chopping block come from Toshiba's "lifestyle" division, which handles consumer electronics and PCs. Most of the remaining cuts come from the company's semiconductor division. Nikkei Asian Review says 4,590 employees ...