Powering Down: Toshiba Sees Massive Job Cuts As TV Sector Dwindles
In order to make ends meet, it's going to rely more heavily on outsourced labor, and some 400 employees that weren't cut would be repositioned to new roles in other business units. Toshiba's TV unit has been bleeding cash for the past two years, blamed largely on week demand. We've seen rivals such as Sony suffer similar heartache in the TV arena, and honestly, no one really seems to have an answer.
4K HDTVs will provide something of a boost, but until they're affordable for the masses, it won't be in any shape to save an entire business.