Toshiba to cut 900 jobs in PC restructuring

Japan's Toshiba Corp. said it would cut 900 jobs in a restructuring of its PC business that will include an exit from business-to-consumer operations in some regions.

The restructuring is expected to cut operating profit by 45 billion yen ($414 million) but did not change the company's earnings forecast for the current year to March, as better-than-expected earnings in electricity and other operations offset the impact, according to Reuters.

The job cuts would reduce fixed costs by about over 20 billion yen.

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