Audio giant Bose Corp. will layoff about 1,000 workers, or 10 percent of its total workforce, the company announced Jan. 20. The company cited economic challenges associated with the global recession and a marked drop in consumer spending in announcing the job cuts.
“We have been staffed for a growing economy, not a global recession. As [...]

Bose Corp., known for its high-end audio equipment, is cutting 1,000 jobs – about 10 percent of its work force, the privately held company announced today. (Telegram)