Ted Frazier
Gold Member
- Nov 12, 2016
- 3,102
- 621
- 255
- Banned
- #1
Let us pray for those whose jobs were terminated, and their relatives who depended on them:
PC case maker CaseLabs says it has been 'forced into bankruptcy and liquidation' by US tariffs
CaseLabs, which makes custom towers for computers and has a high-profile following, including prominent YouTubers such as LinusTechTips, announced it would be permanently closing on Saturday.
The company, based in California, said tariffs had raised costs by almost 80 per cent and that “the default of a large account” had added to the issue.
“We are very sad to announce that CaseLabs and its parent company will be closing permanently,” CaseLabs said in a statement. “We have been forced into bankruptcy and liquidation.
“The tariffs have played a major role raising prices by almost 80 per cent (partly due to associated shortages), which cut deeply into our margins.
PC case maker CaseLabs says it has been 'forced into bankruptcy and liquidation' by US tariffs
CaseLabs, which makes custom towers for computers and has a high-profile following, including prominent YouTubers such as LinusTechTips, announced it would be permanently closing on Saturday.
The company, based in California, said tariffs had raised costs by almost 80 per cent and that “the default of a large account” had added to the issue.
“We are very sad to announce that CaseLabs and its parent company will be closing permanently,” CaseLabs said in a statement. “We have been forced into bankruptcy and liquidation.
“The tariffs have played a major role raising prices by almost 80 per cent (partly due to associated shortages), which cut deeply into our margins.