Toshiba on Thursday announced plans to accelerate its restructuring effort that'll see the company withdraw from certain consumer markets, opting to instead target business clients. The move will reduce Toshiba's global PC business workforce by around 900 employees, or more than 20 percent of its non-manufacturing workforce, and reduce fixed costs by more than $184 million according to a press release on the matter.
The Japanese electronics giant didn't reveal which consumer markets it plans to pull out of, only that they will be withdrawing from unprofitable markets and optimizing sales bases in low profit countries and regions.
Toshiba said the PC market is expected to see a continuing trend to modest growth rates and as such, the measures they are taking now are necessary in securing consistent profit.
Toshiba is the latest in a growing list of tech companies that have announced major restructuring efforts in recent memory. Sony's efforts have spanned multiple years, the latest move seeing them sell off their Vaio computer division and spinning their TV division into a wholly-owned subsidiary.
Earlier this summer, Microsoft announced plans to lay off up to 18,000 employees, the largest reduction in the company's history. Cisco announced plans to cut 6,000 jobs just last month. Sprint is undergoing massive changes under the guidance of new CEO Marcelo Claure while T-Mobile CEO John Legere has been shaking up the wireless industry for over a year.