Cost Cutting Continues At IT Vendors

Lenovo Reduces Workforce 11 Percent
Lenovo Reduces Workforce 11 Percent

Lenovo will reduce its workforce by roughly 11 percent, doling out pink slips to 2,500 employees worldwide. The computer maker has also said it will be reducing executive compensation and restructuring. Those layoff numbers include approximately 200 people in Toronto, Ontario, where Lenovo will close a customer call center, as well as 250 people in the Raleigh, N.C., area, in the company's sales, marketing, support, services, engineering and design operations. Lenovo will, however, hire 100 people in the Raleigh area to staff a new customer call center being built there.

Next Slide