The Notebook Review forums were hosted by TechTarget, who shut down them down on January 31, 2022. This static read-only archive was pulled by NBR forum users between January 20 and January 31, 2022, in an effort to make sure that the valuable technical information that had been posted on the forums is preserved. For current discussions, many NBR forum users moved over to NotebookTalk.net after the shutdown.
Problems? See this thread at archive.org.

    Lenovo cutting 1,000 jobs, moving corporate HQ

    Discussion in 'Lenovo' started by notebookn00b, Mar 16, 2006.

  1. notebookn00b

    notebookn00b Notebook Geek

    Reputations:
    8
    Messages:
    94
    Likes Received:
    0
    Trophy Points:
    15
    Lenovo Group to cut 1,000 jobs
    PC company will move headquarters to North Carolina


    By Rex Crum, MarketWatch
    Last Update: 12:32 PM ET Mar 16, 2006

    SAN FRANCISCO (MarketWatch) -- Lenovo Group Ltd. said Thursday it would cut 1,000 jobs as the world's No. 3 personal-computer company seeks to reduce its annual expenses by about $250 million.

    Lenovo, a Chinese company with corporate headquarters in Purchase, N.Y., also said it would move those offices to Raleigh, N.C. The company expects to complete the restructuring within the next six to 12 months.

    William Amelio, Lenovo's chief executive officer, said the moves would help "position Lenovo as a more effective global competitor" as it expands its industry profile and market presence. The company elevated its status last year when it bought the PC business of International Business Machines Corp. for $1.25 billion.

    Lenovo officials said the job cuts would take place in the company's Americas, Asia-Pacfic and European, Middle East and African regions, and account for about 5% of its total workforce. The company expects to take a charge about $100 million related to the restructuring during its fourth quarter, which ends March 31.

    According to technology research firm IDC, Lenovo was the third-largest PC company in 2005, with shipments of 13 million units, and a 6.2% market share. While the company still trails Dell Inc. and Hewlett-Packard Co., its 2005 shipments climbed almost 211% over 2004 levels.
     
    notebookn00b, Mar 16, 2006
    #1
  2. ZaZ

    ZaZ Super Model Super Moderator

    Reputations:
    4,982
    Messages:
    34,001
    Likes Received:
    1,415
    Trophy Points:
    581
    Can't say it surprises me.
     
    ZaZ, Mar 16, 2006
    #2
  3. SpacemanSpiff

    SpacemanSpiff Everything in Moderation

    Reputations:
    3,428
    Messages:
    1,292
    Likes Received:
    0
    Trophy Points:
    55
    When Gateway acquired emachines and chose to consolidate engineering in Irvine, the Californians assumed that the engineers in North Sioux City (not exactly the prettiest of towns by anyone's standards) would jump at a chance to move to California. But the engineers just didn't look at it that way.

    I'm not saying this to knock North Sioux City, or California, or North Carolina, or New York. I'm just making the point that considerable attrition occurs when engineering teams are moved.
     
    SpacemanSpiff, Mar 16, 2006
    #3
  4. strikeback03

    strikeback03 Notebook Deity

    Reputations:
    62
    Messages:
    742
    Likes Received:
    0
    Trophy Points:
    30
    so long as my pay was going to reflect the difference in cost of living between North Sioux City and Irvine, I'd jump at the chance.
     
    strikeback03, Mar 16, 2006
    #4