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Logitech steps up job cuts

Mouse and peripherals maker Logitech is cutting more jobs in reaction to the deepening recession. The Swiss firm said in early January it was withdrawing financial guidance for the year and cutting headcount. The firm will now cut up to 600 jobs, rather than the 525 earlier predicted. Sales for the third quarter of fiscal 2009 …

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Tip

Release the G19 in the UK a bit sooner and I'll give em a bit of cash.

Strong dollar

How is strong dollar affecting their exercise? They are not a US company, and are not building their products in US, so the value of the dollar should be largely irrelevant, right?

Or is it simply that the same amount of Swiss francs is worth less dollars than last year?

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Time to take a sniff at the coffee, perhaps
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