[PeterT]

From The Toronto Star

http://www.thestar.com/business/tech...63_people.html

Toronto-based e-reader Kobo lays off 63 people
Lost jobs are part of “organizational changes,” as Kobo faces increasing competition from smartphones and tablets
By: Kim Nursall Staff Reporter, Published on Thu Apr 24 2014

Toronto-based e-reader company Kobo laid off 63 people on Thursday, only a few weeks after appointing a new president, amid what it called “organizational changes.”

“To focus resources on innovation, partners, and readers, the leadership team has realigned the organization’s structure, which has also meant some staff reductions,” René d’Entremont, a Kobo public relations manager, told The Star.

“As part of this change, teams have been restructured and optimized; redeploying employees to best use their skills to support the company’s core goal of providing the best global eReading experience. All our offices will continue to operate as usual, with a mandate to grow the business in each of our territories.”

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