Logitech International LOGI today announced an
organizational alignment to the strategic priorities outlined by newly
appointed CEO Bracken P. Darrell last month. These priorities include
increasing focus on mobility products, improving profitability in
PC-related products and enhancing global operational efficiencies. This
alignment to the strategic priorities creates incremental cost savings
of approximately $16 to $18 million in operating expenses in Fiscal Year
2014, a result of a workforce reduction. This is in addition to the
previously announced $80 million savings in annual operating costs
(operating expenses plus costs of goods sold) for Fiscal Year 2014
related to the Company's April 2012 restructuring.
“As we align the organization with our
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