News - Logitech to cut over 1,000 jobs

[HEXUS]

Peripherals giant withdraws 2009 growth targets and announces 15 percent cull as retail environment deteriorates.

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[scaryjim]

the well-considered actions we're taking now will result in an even stronger Logitech when the economic recovery begins.

I see a flaw in this statement... how is the economic recovery meant to happen when so many people are being made redundant, massively reducing the overall spending power of the population? Prepare for even tougher times ahead, boys and girls...!