Lenovo to Restructure Mobile Unit, Cut 3,200 Jobs
Lenovo says it is to restructure its mobile business group (MBG) and cut 3,200 jobs worldwide, after announcing a 51% drop in first quarter net profit (see Finance Results). Yuanqing Yang, chairman and CEO of Lenovo described Q1 as “perhaps the toughest market environment in recent years”. Despite Lenovo maintaining its number one position in … Read more