Thread regarding Lenovo layoffs

There will be more layoffs

The press release says it all "Lenovo will continue to make adjustments as needed as part of our ongoing management of the business.” Loosely translated- MORE ARE COMING!

As somebody posted in another thread, don't think for one moment this is over. The floodgate has been opened, and I don't think they plan to close it any time soon.

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Post ID: @OP+ZjjnC45

14 replies (most recent on top)

Plan is to close most of US operations in Morrisville and move to the larger labs in China

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Post ID: @ljce+ZjjnC45

Yes. The next one coming. Keep your heads down.

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Post ID: @jnag+ZjjnC45

Only 500! other develop center could survive one or two more years, Achieving and Sustaining Growth at Lenovo !

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Post ID: @9qvo+ZjjnC45

That’s 500 out of a much smaller number because just one business unit. Also that is just this month! We all know there will be other RAs across other BUs and geographies. So let’s not sugar coat.

Where is the honesty and openness to tell the real numbers.

The facts are Lenovo does a great job of obfuscating the truth of layoffs and financials.

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Post ID: @5qjh+ZjjnC45

DCG beaten to the finish line of profitabilty by Moto phone sales. Get real , DCG is a loss making business, with a reduced line of credit from Lenovo.

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Post ID: @5ovg+ZjjnC45

Lenovo profits all generated by PC company. Moto breaks even. DCG loss making enterprise.

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Post ID: @5yaa+ZjjnC45

DCG has losses , every quarter. Quarter on Quarter. USA is the biggest losses. Overpaid , over rated .

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Post ID: @5dnc+ZjjnC45

Or in the words of LENOVO leadership yesterday on the DCG All Hands Call: We're experiencing "Headwinds...". Fueled by record profits? He missed a huge opportunity to build credibility with the troops. Folks want transparency, honesty, and facts. We got spin. In the meantime, critical resources are getting cut which impact our business and customer experience.

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Post ID: @1zrg+ZjjnC45

Lots of speculation on this thread. The Data Center BU made a pre-tax loss... so it isn't surprising they are having some layoffs. 500 globally out of 57M employees... is a small amount. We need to stick to facts... rather than doom and gloom. Globalisation has definitely made employment less stable, but China salaries keep on rising, and are much closer aligned to the west as time passes, and workers want more and more benefits, etc. What goes around comes around.

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Post ID: @1nzv+ZjjnC45

Slave labor is always cheaper. Look at the ancient Egyptians and Romans

Immoral men and women will always seek out slave labor to enrich themselves.

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Post ID: @1rhv+ZjjnC45

Every year....every month

I’m sure they tell all the new hires the company

is doing great before they cycle them out in the

next lay-off.

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Post ID: @mln+ZjjnC45

It's the "Workforce Transformation" :-(

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Post ID: @ife+ZjjnC45

Wow! Amazing Lenovo lay-off every year.

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Post ID: @akc+ZjjnC45

End of July or end of October is likely next round.

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Post ID: @ezh+ZjjnC45

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