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Massachusetts-based Bose Corporation, which built its reputation creating high-performing audio products, announced that it will cut 1,000 jobs worldwide – ten percent of its workforce. The privately held company founded in 1964 by Dr. Amar G. Bose, would not reveal just how many Boston jobs would be lost in the downturn. According to the Boston Globe, the company issued a statement saying it was “restructuring its operations in response to the decline of the global economy, and its impact on consumer spending.”

Retailers are an important part of Bose Corporation’s customer base and with one of its top patrons, Circuit City announcing its certain closure of all 567 stores this month, the electronics industry has certainly been hit hard.

According to NPD figures, consumer electronics sales dipped 5.7 percent over the holidays.

This entry was posted on Thursday, January 22nd, 2009 at 1:04 pm and is filed under job search. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.