Lenovo announces layoffs, cutbacks (ZDNet)

Lenovo has announced a “resource redeployment plan” of layoffs, cutbacks and consolidation as part of a move to become more efficient in the wake of changing economic conditions. Basically, the company’s earnings were disappointing last quarter and the cutbacks are meant to improve its fiscal standing. It’s expecting a loss for the third quarter that ended December 31. The actions announced …

More: continued here

Related news:

Leave a Reply