Lenovo wields knife, cuts 1,000 jobs
PrintBegins to woo partners
Posted in IT Director, 17th March 2006 10:54 GMT
Free whitepaper – Avoiding 7 common mistakes of IT security compliance
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.®
Free whitepaper – Vulnerability management buyer's checklist
Analyst Keynote: The Register Agile Data Center Summit
Managing desktop software for fun and profit
Analyst Keynote: The Register Agile Data Center Summit
Enabling the Agile Data Center
Google Spanner — instamatic redundancy for 10 million servers?
Early adopters bloodied by Ubuntu's Karmic Koala
Fedora 12 polishes Linux for netbooks
Sign up, sign up for The Register IT security newsletter