October 9, 2024

Lenovo will lay off 3,200 people and slim down its mobile product portfolio

Lenovo will lay off 3,200 people and slim down its mobile product portfolio

Lenovo is planning to reduce almost five percent of its workforce and restructure its Mobile Business Group. The Chinese company had acquired Motorola Mobility last year and Lenovo chairman and Chief Executive Yang Yuanqing plans to cut costs and reduce inventory of smartphones.

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Chairman and Chief Executive
Lenovo
Yang Yuanqing
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