The hottest Lenovo Group announced 3200 layoffs wo

2022-07-28
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Lenovo Group announced 3200 layoffs worldwide, accounting for the total number of employees

today, Lenovo Group announced its unaudited financial report for the first quarter of fiscal year 2015/16, with a revenue of US $10.7 billion (about RMB 68.3 billion), up 3% year-on-year; The net profit attributable to shareholders was US $105million (about RMB 670million), a year-on-year decrease of 51%. The basic earnings per share is 0.95 cents and the diluted earnings per share is 0.94 cents

the financial report pointed out that, affected by the global PC market environment, Lenovo Group's personal and commercial PC sales fell sharply, but were better than the average level of the market, and its market share reached a new high. In the face of the market downturn, Lenovo Group must continue to improve efficiency and cut expenses to ensure that all businesses remain stable and profitable

Lenovo Group announced that it would reduce about 3200 non manufacturing employees worldwide, accounting for about 10% of the company's non manufacturing employees and about 5% of the global 60000 employees

the following are the business adjustment details announced by Lenovo Group:

further coordinate and straighten out all links of Motorola's mobile business and Lenovo's business. Motorola will lead product development, design and manufacturing. Lenovo will fully mobilize its worldwide sales force to promote growth

enterprise level businesses should concentrate resources, adjust positioning, launch attacks on the most attractive market segments that are most closely related to Lenovo's own capabilities, and improve efficiency and cost competitiveness

make better use of the opportunity of industrial integration in the personal computer market without starting the oil pump first, so as to accelerate the improvement of the personal computer market share. If the machine is in standby mode, it can continuously improve efficiency, reduce costs and ensure sustainable profitable growth

drive efficiency across all functions. Each department should make better use of technology, interconnection and innovation to promote transformation more efficiently and more user-centered

these measures will save the company $650million in expenses in the second half of the fiscal year, and the annual savings will be about $13.5 billion, with a history of more than 100 years. These measures will also include the reduction of about 3200 non manufacturing employees worldwide, accounting for about 10% of the company's non manufacturing employees and about 5% of the global 60000 employees. These initiatives will generate restructuring expenditures of approximately $600million in the second quarter of the fiscal year, as well as an additional cost of approximately $300million to clear inventory

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