Feeds

Lenovo wields knife, cuts 1,000 jobs

Begins to woo partners

Next gen security for virtualised datacentres

Lenovo is slashing 1,000 jobs and shutting some facilities in an effort to save $250m a year. The consolidation program comes less than a year after the Chinese PC giant bought the former IBM PC operation.

Reuters reports that a six to 12 month restructuring plan at the vendor will see it cut its headcount by 5 per cent, and that the cuts will be spread across North America, Asia and Europe. The program will cost it $100m in the current quarter, but should yield savings of $250m.

Local reports in the US point to some shifting of facilities, including moving its corporate headquarters from New York state, the home of IBM, to North Carolina.

The restructure was announced just days after the company overhauled its channel operation, launching the Lenovo Partner Network. This will feature two tiers of membership: Business Partner; and Premium.

It will also see a bigger emphasis on the SMB market, with the company pledging to triple the amount if spends on lead generation in this market.®

Boost IT visibility and business value

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?