Lenovo wields knife, cuts 1,000 jobs
PrintBegins to woo partners
Posted in IT Channel, 17th March 2006 10:54 GMT
Free whitepaper – Straight Talk with Dell: Sending out an SaaS
Lenovo is slashing 1,000 jobs and shutting some facilities in an effort to save $250m a year. The consolidation program comes less than a year after the Chinese PC giant bought the former IBM PC operation.
Reuters reports that a six to 12 month restructuring plan at the vendor will see it cut its headcount by 5 per cent, and that the cuts will be spread across North America, Asia and Europe. The program will cost it $100m in the current quarter, but should yield savings of $250m.
Local reports in the US point to some shifting of facilities, including moving its corporate headquarters from New York state, the home of IBM, to North Carolina.
The restructure was announced just days after the company overhauled its channel operation, launching the Lenovo Partner Network. This will feature two tiers of membership: Business Partner; and Premium.
It will also see a bigger emphasis on the SMB market, with the company pledging to triple the amount if spends on lead generation in this market.®
Free whitepaper – Straight Talk with Dell: Sending out an SaaS
The Register Agile Data Center Summit
Straight Talk with Dell: Sending out an SaaS
Seven ways to optimize VMware server virtualization
Automating the Acquisition Process with Enterprise Level CRM
Sign up, sign up for The Register IT security newsletter
Microsoft's Windows 7 price gamble - and why it's flawed
Managing Desktop Software for fun and profit
Intel's flash new SSDs hit by bugs