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Logitech to Slash Salaried Staff by 15%

TheStreet writes: "Logitech International, a maker of computer mice, webcams and other peripherals, said it plans to cut its salaried work force by 15% in response to weak consumer demand amid what it expects to be an extended global downturn.

Switzerland-based Logitech, which also has offices in Fremont, has about 3,500 salaried employees in a total work force of about 9,000.

The company also withdrew its previous fiscal 2009 forecasts for sales growth of 6% to 8% and operating income growth of 3% to 5%. It didn't provide revised targets and said it plans to update investors on its outlook during its third-quarter results briefing on Jan. 20."

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