Lenovo channels the spirit of IBM: Lays off 500 staff, savages Data Centre Group

www.theregister.co.uk | 5/30/2019 | Staff
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Lenovo is eliminating 500 staff worldwide, including some in its US headquarters at Research Triangle Park in Morrisville, North Carolina.

The tech giant's data centre group is reportedly among the hardest hit, with 200 people set to lose their jobs.

Details - Purge - Sources - Company - North

Details of the purge emerged after sources within the company contacted North Carolina’s telly news station WRAL. It was later confirmed by a Lenovo spokesperson, who labeled the cull a “global resource action.”

“Positions across business units, functions, and geographies are impacted including the Data Center Group and Morrisville, NC,” said Ashley Kusowski, head of public relations for Lenovo’s DCG.

Actions - Strategy - Intelligent - Transformation - Growth

“While these actions aren’t easy, they are necessary as we continue to execute our strategy for Intelligent Transformation while achieving sustainable, profitable growth. Lenovo will continue to make adjustments as needed as part of our ongoing management of the business.”

The measures certainly don’t align with the manufacturer's financial performance: Lenovo reported record revenues for its fiscal 2019, growing to $51bn for the first time, up 12.5 per cent year on year. It turned a profit of $597m, as opposed to a loss...
(Excerpt) Read more at: www.theregister.co.uk
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