Friday, 28 July 2017

Going gets tough for Lenovo

By Mary Lennighan, Total Telecom
Thursday 13 August 15

Chinese electronics firm to cut 3,200 jobs, restructure smartphone business in wake of weak Q1 results.

Lenovo's fiscal first quarter results failed to meet expectations, leading the company to announce hefty job cuts and a restructuring of its smartphone business, which will produce fewer models going forward. For the three months to the end of June, the Chinese firm posted revenues of US$10…

Lenovo's fiscal first quarter results failed to meet expectations, leading the company to announce hefty job cuts and a restructuring of its smartphone business, which will produce fewer models going forward. For the three months to the end of June, the Chinese firm posted revenues of US$10…

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