Monday, July 4, 2016

LG Sacks Executives Amidst Poor G5 Sales

LG has announced a shake-up of senior executives in its mobile business division as the company continues to struggle in the competitive smartphone market. The shakeup is a result of the disappointing sales of the LG G5, and is aimed at reducing the fixed costs of the division after it posted an operating loss for the third consecutive quarter.

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