https://www.theregister.com/2023/05/24/lenovo_q4_2023_profit_sales_crash/ Chinese powerhouse Lenovo is feeling the burn as demand for personal computers continues to melt in a post-pandemic world. The world's largest maker of PCs reported revenue... — read more
I’m confused- more layoffs and YY continues to champion hiring of talent???
https://wraltechwire.com/2023/04/07/lenovos-recovery-triple-play-reignite-pc-growth-boost-other-revenues-step-up-tech-recruiting/ Something doesn’t line up here? First it was the layoffs in Dec (effective Jan 30, 2023) that were kept hush hush and... — read more
They try to make it look like everything is in the best order
I hate it. Useless managers are dedicated to somehow trying to convince us that the company is in great shape. Why do they do that? Do they really think that we can't see that it's sinking and that there isn't much hope that it will get better any... — read more
April 12 Layoffs
People were told today that they are being laid off and their last day will be May 15th. Multiple departments affected.
I hope at least that the cuts won't be big, but I'm already trying to find a new opportunity somewhere else. Are layoffs inevitable when the leadership decides to cut costs?
China's Lenovo posts worst revenue fall in 14 years as PC demand slumps
Lenovo is aiming to reduce its run rate operational expenses by approximately $150 million to achieve a medium-term goal of doubling net margin, its chief financial officer, Wong Wai Ming, added. "This includes overall reduction in operational... — read more
WRAL TechWire: Layoff watch is on at Lenovo after huge drop in global PC sales
For those laid off, it almost costs $0 to Lenovo
For those that are affected, look at your unvested HSA (or whatever it is called). That account is held in escrow until you are laid off. It is extremely rare for anyone that is let go to have a vested balance. Mine was about $29k when laid off. My... — read more
A hint on when layoffs occur
Layoffs will always occur in months that end on a Friday, Saturday, or Sunday. It makes the accounting easier. That means even December is game if the 31st is on a Saturday Bonus hint: Layoffs occur after elections not before. No company wants... — read more
More layoff news - and we're the star
Lenovo, one of the Triangle’s largest tech employers, confirmed Monday that companywide job cuts will affect its local workforce. Postings on the online message board TheLayoff.com suggest job cuts at Lenovo began late last week. The PC computer... — read more
Official Announcement in Raleigh,Nc :(
Sales Channel Layoffs (US & Canada)
It's happening today, a lot of experienced and good, quality people are being affected.
Layoffs hitting this week
10% reduction being rumoured
What an awful place to work!
It is meaningless to be a dedicated employee here, considering that it is precisely those who are the most dedicated - the least valued. When I leave Lenovo, the main reason will be the terrible management. Isn't that the biggest reason why many... — read more
Lenovo: "An American Security Threat"
In a piece published over the weekend: https://www.theepochtimes.com/chinese-internet-trolls-business-is-patriotism_4138557.html an analysis reports that Lenovo continues “not shy away from its deep Chinese military ties” an remains a serious... — read more
PC Shipments Plunge Nearly 20%, Steepest Drop in More Than 20 Years
PC Shipments Plunge Nearly 20%, Steepest Drop in More Than 20 Years Wall Street Journal It is going to be a tough year for Lenovo Get the resume ready
When will this end?
I'm unsure how much more of the constant news of hiring freezes and layoffs in tech I can take without going bonkers. I know things like this happen occasionally but I don't remember that it was ever this bad for so many companies - including the... — read more
It's all about profit
I know profit is important, but when you're willing to go after profit at all costs then the company is going to suffer and ultimately fail. When they put profit above knowledge and experience by laying off some of the best and most senior employees... — read more
A ton of work
I love my job, but I don't love it so much that I constantly work overtime to get everything done. The manager does not care that his expectations are unrealistic, because he has probably never tried to do such a large amount of work by himself... — read more
IDC says 8% Decline in PC sales
Layoffs coming, Mark my words.
So did others get a higher raise percentage than usual due to inflation? I only got 3.5% so was expecting higher. Just seeing if that seems standard or if it's because my manager allocated the majority to all of his best buddies on the team.
Lenovo only care $$
So not sure if I am the only one that notice this but it seems to me Lenovo only cares to make more money and that’s all they talk about. Nothing about work life balance or providing employees with perks. I only been here for couple months but I... — read more
Management is terrible
The place is a toxic mess that promotes bu-t kissing and yes-maning over the sharing of new ideas or offering suggestions that could result in improvements to current processes. We could be doing so much better with competent management in charge but... — read more
Struggling with my workload
The workload is really huge and i have to find ways to cope with it. I am under tremendous stress and I am thinking of leaving as soon as I get a better offer. Maybe this overload is just a way for Lenovo to get rid of long-term employees? But... — read more
Any recently joined employees and regretting
Anyone recently joined Lenovo and seriously regretting your choice? The large workload, the lack of process, anyone thinking of joining Lenovo, be careful they just push you in the deep end. Please tell me I am not the only one feeling this way
What a mess
Wow this company feels so disorganized with no governance in place.. I recently joined and I am questioning my decision. Anyone feels this way?
I'm losing motivation
It's hard to stay motivated with all the things that have been happening lately. It's not just the layoffs, but that's certainly part of it. The culture shift, political plays, and the lack of career progression are among the main issues that are... — read more
Layoffs in July and September
Layoffs in July and September this year. US. Don’t ask division. If you have ask then Yes. Good luck. Somebody provided a hint of coming layoffs in another thread but gave no concrete details. Is there any chance somebody can confirm this and... — read more
Lenovo, along with Acer, Asus, and MSI are still operating in Russia
Either Taiwan is getting pressured by China to not pull out their business or these companies simply do not care and prefer profit over bloodshed. The former is more acceptable but there have been other Taiwan companies that have pulled out of... — read more
This was the push I needed
I've been considering leaving Lenovo for over a year but I always found a reason to stay. Not anymore. I refuse to work for a company that profits from genocide one day longer than I have to. I've been looking for the past few weeks and I already... — read more
Capricious, dysfunctional, chaotic, and disrespectful
If you have a better way to describe Lenovo, go ahead, but I think those four words sum it up rather nicely.
Lenovo's approach to attracting and retaining talent
I just read this article on the diversity and inclusion initiative: https://www.computerworld.com/article/3651048/lenovo-diversity-inclusion-tech-employees.html and the question arises as to whether Lenovo has become inclusive for all but those... — read more
Excess management is a huge waste of money
Old article from Harvard Business Review that confirms what we already know: we don't need half the management we have. Even that is probably too much. https://hbr.org/2016/09/excess-management-is-costing-the-us-3-trillion-per-year
There are growing expectations from employees at Lenovo. Employees must always meet their goals. But what about the company? Does it seem to me or does this company have no clear long term strategy with clearly defined ways to achieve its future... — read more
Return to office
When will Lenovo be returning to office or will it be flexible for remote?