Acer announces on Tuesday that, according to financial results for Q3 2013, the profit after tax was record-breaking NT$-13.12 Billion, due to a non-cash related intangible asset impairment of NT$9.94 Billion. Acer will cut its worldwide employees by 7% to decrease the expanding loss and carry out the internal restructuring, while Chairman and CEO J.T. Wang resigns as well as board member Stan Shih resumes.