Toshiba isn’t a brand you hear much around the smartphone business these days, although the company has certainly had its fair share of attempts to break into the market in the past. They’re also a bit more prominent on the tablet end. It’s still developing tech that could be incorporated into other devices, but news of cuts to the electronics giant this week doesn’t inspire confidence that we’ll be hearing from them any time soon.
It’s been announced that the company is slashing some 3,000 jobs from its workforce, which was previously said to be around double that. The Japanese outfit will also be scaling back on its TV production, closing two of its three factories and instead relying on outsourcing to get the job done. Should everything go to plan then these cuts will help the company reach its $101 million in cost savings targets, as well as put it on the road to profitability albeit on a much smaller scale.
Don’t expect Toshiba to be making any bold new moves into the smartphone market, then, but lend them a hand and buy a TV if you’re in a charitable mood. Leading innovation? Maybe not so much, sadly.
Source: Engadget
