14 DAY TRIAL // Acer has been losing money for years now, and all its attempts at reforming and revamping its product line have met little success. The financial results for the fourth quarter of 2013 proved that once again.
The company lost NT$8.218 billion during Q4 2013, which means US$274 million / €202 million according to exchange rates.
Poor sales and inventory depreciation did most of the damage, as even ultrabook and touchscreen notebook components lost value.
Acer also downsized its global workforce by 7% and had to do a lump-sum payment of $150 million / €110 million for that too.
On January, Acer's board of directors decided to cut the salaries of top-level executives by 30%. I can't imagine they were too pleased, but such is the case. Clearly, downsizing workforce isn't enough here.