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Later in January 2009 representatives from Logitech reported that between 550-600 jobs would be cut from the global holding company, in response to falling sales <ref>"Logitech Eliminates 550+ Jobs After Sales, Profits Flag In Q3." TWICE: This Week in Consumer Electronics 26 Jan. 2009: 49-49. Print.</ref>.
Logitech had previously made forecasts for the 2009 fiscal year of 6 to 8 percent sales growth and operating income growth of 3 to 5 percent. In early January 2009 Quindlen said the company had a strong cash position, was not in debt, and would maintaining market share. <ref> Associated Press. "Logitech cuts staff by 15pc." The New Zealand Herald 7 Jan. 2009, General ed., Technology sec.: n. pag. Print.</ref>
==Governance==
