Toshiba To Cut 7,800 Jobs, Forecasts Record $4.5 Billion Loss

By Romain Dillet

Just in time for CES, consumer electronics giant Toshiba announced another wave of layoffs. This time, the company plans to axe 6,800 jobs in the consumer electronics business. It represents around 30 percent of the consumer electronics division, or 3 percent of Toshiba’s workforce. In addition to these cuts, 1,000 people in the corporate staff will also lose their job as part of an… Read More

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Source:: TechCrunch Gadgets