Thread regarding Lenovo layoffs

Layoffs already scheduled for April-May 2019

After the close of the fiscal year there are already plans for resource action.

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Post ID: @OP+VQu8mdK

69 replies (most recent on top)

Heard there's an investigation happening into shady accounting and abuse. Executives are being shuffled around.

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Post ID: @aFnhn+VQu8mdK

Lenovo's motto is Never Stand Still. This is correct because the moment that you do, YOU will be laid off. Never mind that you have been identified as a OUTSTANDING PERFORMER, achieved the stretch goal of your KPI 's. If Lenovo needs to make budget, heads will be cut BUT...the executives will still get their bonus. To support their loyal employees, other CEO's are giving up their bonus to save their "valued" employees.

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Post ID: @9ptnw+VQu8mdK

Anyone left in DCG?

Things have gotten quiet.

I guess the folks left in Perimeter Park can move over to Development Dr now.

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Post ID: @3ujnf+VQu8mdK

For all those who landed directly to this thread, you can check out other threads on this forum board here:

https://www.thelayoff.com/lenovo or &lenovo

Some of the most active threads:

  • 500 layoffs thread: @ZiaHSLb or https://www.thelayoff.com/t/ZiaHSLb

  • Here you can find which devisions are hit: @Zh8ABLs or https://www.thelayoff.com/t/Zh8ABLs

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Post ID: @3svkr+VQu8mdK

For all those laid off: I was years ago, and it was the best thing that ever happened to me. Can't believe I put up with Lenovo management for so long. My new job is fun, well paid, working on fun things, with good management and great fellow employees. If I had known what I know now, I would have quit years before I was laid off.

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Post ID: @3sheu+VQu8mdK

Robots don’t, but executives do !

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Post ID: @3mvru+VQu8mdK

Robots don’t need or want any of that.

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Post ID: @3msvu+VQu8mdK

You want job security and a salary too?

Talk about greedy. Next you’ll be wanting a 40 hour work week and retirement benefits.

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Post ID: @3mhrs+VQu8mdK

It’s all about “expense control” baby!

Just looking out for number one.

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Post ID: @3mdzg+VQu8mdK

The 80s called and they want their indignation back.

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Post ID: @3mopo+VQu8mdK

The hypocrisy from the VP's is incredible. They sent out the wonderful earnings communications this morning and next week we have significant layoffs. I cannot believe the hypocrisy.

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Post ID: @3mwik+VQu8mdK

Moved my personal items out this evening just in case. Best wishes everyone.

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Post ID: @3kngm+VQu8mdK

Layoff = RAed = they are fired ?

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Post ID: @3iqge+VQu8mdK

Employee salaries will be suffered after they are fired.

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Post ID: @3izhn+VQu8mdK

Huawei’s server will be suffered after this trade war, Lenovo will catch server market share in China and get more bonus.

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Post ID: @3ggtk+VQu8mdK

May 29th makes sense. The last working day in June is the 28th. All charges against earnings can be taken in the 1st quarter.

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Post ID: @3grnq+VQu8mdK

You have to really appreciate Lenovo’s corporate transparency on layoffs. We never know if we have a job tomorrow.

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Post ID: @3fvet+VQu8mdK

May 21st? A Tuesday? That’s a bit odd.

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Post ID: @3ezvl+VQu8mdK

Is there anyone left in IDG? Usually these layoffs are corporate wide. That way the company saves money paying the attorneys only once for review of the lay-off package.

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Post ID: @3dvfh+VQu8mdK

Does this resource action include IDG as well?

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Post ID: @3cxta+VQu8mdK

I’m hearing May 21. Anyone else heard anything?

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Post ID: @3cmtw+VQu8mdK

Layoffs are imminent by the end of the month, especially in the data center group and manufacturing.

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Post ID: @35qaj+VQu8mdK

Are we looking at fall 2019 now? Any idea what departments?

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Post ID: @31yib+VQu8mdK

Stay until the layoff! Some managers did try to force his team member to quit and save layoff budget.

The scenario was pretty similar to below story someone mentioned.

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Post ID: @30lni+VQu8mdK

Based on Intel Q1 2019 Financial Results on data center group

Datacenter market share will be expected going down 2019

DRAM price and market share also expected going down 2019

Good luck and stay until the layoff package

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Post ID: @2Vrff+VQu8mdK

This is the first year in many that Lenovo has lifted travel restrictions. Some departments are being asked to increase travel to customers etc. It also appears that there are no hiring freezes this year. Anything could happen this fall, but it sure would contradict the current scenario.

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Post ID: @2Uttl+VQu8mdK

anyone have a date for when this will be happening?

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Post ID: @2Uyla+VQu8mdK

Anyone hearing about layoffs in IDG?

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Post ID: @2Oibg+VQu8mdK

20% cuts are imminent in DCG. Best of luck to all.

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Post ID: @2Nhkg+VQu8mdK

I agree with the previous comments regarding the VP's pumping everything up before a layoff. They do the same to us every year and the "pump-up" may be directly proportional to the layoff numbers.

Any ideas if IDG will be impacted? Sales, service, brands?

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Post ID: @2Kzkl+VQu8mdK

Cloud platform growth and reliable easy to use no service cost to enterprise customers, Data center has to be cost down especially speaking & communication employee, development tasks actually in ODM. Employee not in Purley platform and new projects will be in the list.IBM legacy projects were listed on 2018 most of people let go.2019 2020 will be cut cut ...........no endless. This is the way to keep stock share up above $HK7 to 10.

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Post ID: @2Kytd+VQu8mdK

Just some of the publisized layoffs are:

Spring and summer 2015

September 2016

October 2017

August 2018

Odds are another round soon.

It is a way of life at Lenovo.

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Post ID: @2Kcmp+VQu8mdK

VPs are paid to talk up the company until the next round of firings. Then the story is we had, are having, will have a bad quarter due to economic headwinds, blah, blah, blah. I can assure you employees are being ranked. If you feel secure more power to you. Most do not.

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Post ID: @2Knhz+VQu8mdK

It was in the Doubletree Hotel. All news reported by execs was awesome. Let's see what the new year brings.

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Post ID: @2Gjgm+VQu8mdK

Kickoff used to be in the Hurricanes arena now in some little venue due to all the layoffs.

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Post ID: @2Fobd+VQu8mdK

Altman Z-score !! HPE Dell worse

Lenovo Group Ltd has a Z-score of 1.74, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Hewlett Packard Enterprise Co has a Z-score of 0.87, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Dell Technologies Inc has a Z-score of 0.69, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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Post ID: @2Cuax+VQu8mdK

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