Acer CEO to resign, 7% of employees to be terminated in restructuring

Acer (ASIYF) CEO J.T. Wang will resign, to be replaced by president Jim Wong, as part of a corporate restructuring in the face of ballooning losses. Wong will take over at the start of next year.

Acer will cut its workforce by 7% as part of the restructuring with the aim of saving $100M annually. The company will take a one-time $150M charge due to the lay offs.

Comments (1)
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
    J Wang to J Wong ... Is one vowel change enough?
    5 Nov 2013, 12:51 PM Reply Like
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