Plantronics will lay off 18 percent of its worldwide work force, cut management salaries and reduce other operating expenses, company officials announced today. Company officials did not release details about the timing or location of the layoffs.
Company officials said revenue and earnings per share for the third quarter of fiscal 2009 will be lower than originally expected. They had projected net revenues of $205 million to $220 million but now are expecting revenues to be $184 million for the third quarter. Final third-quarter earnings will be announced Jan. 27.
Thursday, January 15, 2009
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