Toshiba to book record loss, cut 5 percent of workforce this year – Reuters

Toshiba Corp said on Monday it would book a record net loss this year and cut around 5 percent of its workforce as the sprawling conglomerate, reeling from a $1.3 billion accounting scandal, focuses on chips and nuclear energy. But analysts question whether streamlining can return the 140-year-old Japanese bulwark to dominance considering falling profit…