Toshiba is navigating in troubled waters. The company has forecast a $4.5 billion operating loss for its fiscal 2015, and it's planning to cut 7,800 jobs and several of its businesses. The firm notified stockholders of the operating loss and the consequent lack of a stock dividend for March 2016, chiefly because of an accounting scandal that unfolded this year.
The beleaguered company has lost roughly half its market value since March, and now plans to restruture its business operations. To that end, it's published the "Toshiba Revitalization Action Plan," a document that describes the measures it will take to try and fix its finances.
For starters, its Lifestyle segment will cut 6,800 jobs by the end of March. Meanwhile, the company's PC division will focus on business-to-business operations in the Japanese and US markets, and "end consignment of design and manufacturing to outside vendors." Toshiba says that this move will allow it to reduce its PC product platforms to below one-third of the current number.
The company's TV business will also undergo further paring. In Europe and the United States, this business already operated under a licensing model. Toshiba now plans to use this model in Asia as well. It will sell its TV production plant in Indonesia to a third-party and focus on high-end sets for the Japanese market. Last not least, the firm's corporate headcount will be reduced by 1,000.
|1. BIF - $340||2. Ryu Connor - $250||3. mbutrovich - $250|
|4. YetAnotherGeek2 - $200||5. End User - $150||6. Captain Ned - $100|
|7. Anonymous Gerbil - $100||8. Bill Door - $100||9. ericfulmer - $100|
|10. dkanter - $100|
|Nvidia's GeForce GTX 1060 graphics card reviewed||44|
|In the lab: EVGA's GeForce GTX 1050 Ti Superclocked graphics card||0|
|iPhone sales continue to shrivel in Apple's fiscal fourth quarter||4|
|Leaked MacBook Pro pics suggest OLED touch bar and Touch ID||7|
|Eizo FlexScan EV7280 monitor cuts cable clutter||4|
|Xiaomi reveals Mi Mix phone with a 6.4" edgeless display||26|
|Zotac and Thermaltake join forces for a liquid-cooled GTX 1080||4|
|Zotac Magnus EN1080 may be the fastest mini-PC yet||17|
|Seagate 5TB BarraCuda and 2TB FireCuda drives are big and speedy||27|
|Signing your posts is daftly redundant. Meadows||+28|