smart technologies to cut workforce by 25 percent - smart technologies

(Reuters)-
Smart technology, a digital whiteboard maker, said it would reduce its staff by nearly 25% in the third and fourth quarters.
According to a document submitted to the United States, as of March 31, the company had a total of 1,525 employeesS.
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The company laid off about 70 jobs in August and about 225 jobs last year. The company also said it would re-adjust itself to two business units.
The restructuring plan expected to be completed by 3 days will lead to annual pre-forecast
Save about $40 million in tax costs.