Struggling Logitech Bites Bullet, Lays Off 450

I'm curious if the peripheral market as a whole is shrinking, with netbooks, smartphones and ipad-type devices being more prolific for daily computing? Are people less willing to but money into a better mouse for the home pc since they simply aren't using very often anymore?

It is a shame though, Logitech has made some of my favorite peripherals over the years. I wonder if they should have pivoted towards accessories for mobile devices a few years back?

450 people will result in a savings of $80 million per year? That an average savings of $177k per employee. Even with all the extra costs of employment beyond salary, like benefits and administrative overhead, that sounds like a pretty high average.