Toshiba is entering a major restructring mode, as the Japan-based company announced it will streamline its PC business as part of its plans. The news comes as Toshiba recorded a massive 550 billion yen ($4.5 billion) loss for 2015 and will cut 7,800 jobs by March 31, 2016. 6,800 of those jobs losses will come from Toshiba's Lifestyle brands, while another 1,000 job cuts will come from its corporate workforce.

Part of Toshiba's issues are due to an accounting scandal that became public earlier this year, where the company admitted it falsely reported a total of $1.2 billion in profits over the last several years. Today, the company announced that it would be pulling back on its PC operations to concentrate on the enterprise market, although it will continue to sell PCs to consumers in the U.S. and Japan.

Recent, but unconfirmed, reports claim that Toshiba has entered talks with Fujitsu and VAIO to merge its PC businesses into one company that would have the VAIO name and would launch sometime in 2016.

Source: Toshiba