Thread regarding Lenovo layoffs

Stock is poppin’

5 year high! What is going on? Can it continue?

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Post ID: @OP+18T0UqBn

7 replies (most recent on top)

[ Because all jobs at Lenovo are going to China, where it takes 3-4 people there to do the work of any one Western or Japanese worker. ]


making stuff up again Mr

where in China is the Hungary plant going to be, do try and keep up with what a successful business actually is.

BUDAPEST, Hungary, September 29, 2020 – Lenovo (KHSE: 992) (ADR: LNVGY) has today announced plans to open a new in-house manufacturing facility in Hungary in Spring 2021. Based in Ullo, the new in-house facility will manufacture products across Lenovo’s portfolio, including desktops, workstations and data center products. The investment from Lenovo represents significant economic potential for both the private and public sectors in Hungary, with increased production capacity, greater potential for collaboration with local vendors and the creation of new job openings at the site.

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Post ID: @dcad+18T0UqBn

thanks for you're (lol) articulate reply and name calling.

My stock went up, massively so, I think I will sell some for chump change.

The strategies are working, I am happy they move jobs to where they are most cost efficient.

thumbs up.

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Post ID: @dfaw+18T0UqBn

Lenovo is a success..
[ If treating people like sh!t and working them to death is successful, then Lenovo is successful AF. Don't ask for proof, either, Chump Change. This is a well-known fact that Lenovo's culture is about as bad as it gets. ]

The business grows. The profits grow.
[ As I stated in my previous post, with elaboration. ]

More total global headcount than 2 years ago.
[ Because all jobs at Lenovo are going to China, where it takes 3-4 people there to do the work of any one Western or Japanese worker. ]

Your [sic] wrong.
[* You're.]

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Post ID: @djmn+18T0UqBn

Lenovo is a success..

The business grows. The profits grow.

More total global headcount than 2 years ago.

Your wrong.

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Post ID: @dgxr+18T0UqBn

In addition to what this poster said: @fic+18T0UqBn ,

Lenovo is reaping the short-term benefits of Covid and the increased demand of PCs. It won't be long before the market starts to get tough again and Lenovo's "leadership" will do what they do best: try to bullsh!t their way to success. This, in turn, will result yet again with more excuses and "tough decisions" being made for the fates of the rank-and-file. Meanwhile, power will be kept with the IBM good 'ole boys club and their friends who work for other computer manufacturers and semiconductor companies. The fact that Lenovo is now listed in China will allow for some interesting insider trading deals that probably won't be so subtle.

I don't think the company will go down any time soon. What I do know is when executives spend all their time and energy vying for attention, like petulant children, it doesn't help move companies forward; it does quite the opposite.

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Post ID: @djzv+18T0UqBn

Record revenure, record profits, diversyfing product and services offerings, opening new or extended inhouse factories, listing in China allowing investment. No1 in marketshare, profitable in segments where others cant make a dime.

How is the companies days numbered ?

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Post ID: @2tos+18T0UqBn

Stock price strength is being driven by the anticipated China stock market listing, which makes Lenovo look like a legitimate company again. Deeply cutting costing will keep it at this level and maybe a little higher. The days are numbered.

https://www.wsj.com/articles/pc-giant-lenovo-plans-china-listing-sending-stock-soaring-11610531007?mod=pls_whats_news_us_business_f

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Post ID: @fic+18T0UqBn

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