TerminalRaptor posted:

Charge out the rear end for the dying legacy of their name.

quote:

Lenovo laying off 3,200 people as part of mobile and PC streamlining

Lenovo chairman and CEO Yang Yuanqing has pledged to increase efficiency across the company, and that includes reducing headcount by 3,200 — 10 percent of Lenovo's non-manufacturing workforce and about 5 percent of the entire company. In an email to employees following the first-quarter earnings report, Yang identified two major challenges for Lenovo: the need to streamline in a declining PC market, and to properly structure mobile and enterprise businesses for future growth.

In mobile, Lenovo has to "better leverage the complementary strengths of Lenovo and Motorola to quickly drive growth," according to Yang, and will have "a much simpler, more streamlined product portfolio with a reduced number of clearly differentiated models." Yang also wants to extend Lenovo's PC lead from 20.6 percent of the market to 30 percent while cutting costs and becoming more efficient.

These changes will be completed "ASAP," says Yang, though the letter doesn't go into detail regarding which positions are most at risk. Lenovo reported first-quarter revenue of $10.7 billion, up 3 percent from a year ago, but profit dropped 51 percent to $105 million. The company says it faced "severe challenges" including a slipping PC market and increased mobile competition in China, but characterized its results as "solid."

Migishu posted:

they have a company that's dedicated to my member?

Farmer Crack-rear end posted:

has ibm gotten into shameless "let's just use some of our money to start playing the market" financial services yet or is that still sitting in the CEO's back pocket as the "tired of putting in effort, let's just cash in and go home" plan B envelope

Korean Boomhauer posted:

no the microsoft thread is that way

du -hast posted:

nice

Korean Boomhauer posted:

no the microsoft thread is that way

kwinkles posted:

ge did that and they scuttled if when they actually made rules recently.

quote:

GE has already agreed to sell a portfolio of real-estate assets for $26.5 billion and is working to dispose of most of the rest of GE Capital over the next year or so. The units going up for sale now account for slightly more than half the $74 billion in loans and other assets at its U.S.-based commercial-lending operation.

pram posted:

Athletic Footjob posted:

irritable bowel movement

pram posted:

softlayer