Diebold Cuts 700 Jobs Amid Q1 Losses

ATM manufacturer Diebold is cutting 700 jobs as part of a “realignment plan” after the company posted a net loss of $13.4 million in Q1 2013, reports Finextra.

Most of the 700 full-time positions have already been cut and came from positions in North America and in corporate operations. The company dismissed CEO Tom Swidarski in January.

Read the full story here.