Acer / To cut employee numbers by 7 percent

Acer CEO J.T. Wang is resigning from his post at the Taiwanese PC maker and will be replaced by president Jim Wong as part of a corporate restructuring that will try to revitalize the company’s sagging fortunes.

Citing the company’s recent run of poor financial results, Wang said in a statement on Tuesday: “It is time for me to hand over the responsibility to a new leadership team to path the way for a new era.”

Wang will remain as company chairman until the end of his tenure in June, while Wong will take over as CEO at the start of next year.

Along with the departure of Wang, Acer will cut employee numbers by 7 percent, resulting in annual savings of US$100 million from next year.

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via Acer CEO resigns as company plans restructuring and layoffs | PCWorld.