First-tier motherboard makers planning layoffs

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First-tier motherboard makers planning layoffs

With Asustek Computer unlikely to meet its original annual shipments goal for both notebooks and motherboards, while annual profits in 2008 are also likely to drop compared to 2007, the company is planning to layoff 5% of its total workforce, equal to around 200 staff, according to industry sources. Although Asustek’s revenues in 2008 will see a growth of over 20%, low gross margins for notebooks, netbooks and motherboards will cause the company’s profits to drop 10-20% on year to $654.96-735.34 million, the sources said.

More here at Digitimes.

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