Lenovo laying off 3,200 people as part of mobile and PC streamlining

Lenovo laying off 3,200 people as part of mobile and PC streamlining

Lenovo chairman and CEO Yang Yuanqing has pledged to increase efficiency across the company, and that includes reducing headcount by 3,200 — 10 percent of Lenovo’s non-manufacturing workforce and about 5 percent of the entire company. In an email to employees following the first-quarter earnings report, Yang identified two major challenges for Lenovo: the need to streamline in a declining PC market, and to properly structure mobile and enterprise businesses for future growth.

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In mobile, Lenovo has to “better leverage the complementary strengths of Lenovo and Motorola to quickly drive growth,” according to Yang, and will have “a much simpler, more streamlined product portfolio with a reduced number of clearly differentiated models.” Yang…

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