Toshiba Cuts 7,800 Jobs Following Accounting Scandal

Toshiba’s consumer electronics division is struggling. Toshiba’s former president and CEO Hisao Tanaka stepped down six months ago today, following a disclosure that the company had declared $1.2 billion in false profit. The fallout from the scandal is hitting employees directly today as part of a “revitalization action plan.”

Toshiba is cutting 7,800 jobs in total as part of a major restructuring for the Japanese tech firm, with the vast majority affecting employees in the company’s consumer electronics division. Toshiba is now looking to offload some of its divisions, including its health care products and its PC business.

Read the rest of this post on the original site »

This article originally appeared on Recode.net.

Will you join us?

Our biggest supporters are our readers — and we’re so grateful to everyone who has made a contribution during our September campaign. We’re less than 1,000 contributions away from reaching our goal for the month, which in turn will allow us to say yes more often when our incredible journalists come to us with questions they want to answer and projects they want to pursue. Will you make a contribution before the month ends and support our policy coverage through 2024 and beyond?

One-Time Monthly Annual

$5/month

$10/month

$25/month

$50/month

Other

$

Yes, I'll give $5/month

Yes, I'll give $5/month

We accept credit card, Apple Pay, and Google Pay. You can also contribute via