Gateway in Downward Spiral
WinInfo | at | by Mike
The news for troubled PC maker Gateway has gone from bad to worse, with the company announcing this week that it will trim 25 percent of its global staff as it exits the Asian market and trims its presence significantly in Europe. The pullout will see the closing of all of the company's operations in Malaysia, Singapore, Japan, Australia and New Zealand. Gateway will cut 5,000 jobs and take a third quarter charge of over $475 million as part of its new restructuring plan, and the company will also close several US-based facilities, including a plant in Salt Lake City and support centers in four states.