Chinese PC maker Lenovo confirmed Thursday that it is carrying out a restructuring, which involves the company letting go of 2,500 employees--about 11 percent of its workforce.
With the changes, the company is targeting to save $300 million annually, according to a Singapore-based company spokesperson.
The announcement comes after a report surfaced earlier this week, saying that the PC maker would lay off 200 employees in its Beijing-based headquarters, including around 10 senior management staff. In response to queries from ZDNet Asia, Lenovo had dismissed the report as rumors.
At its U.S. Web site, Lenovo said the job … Read more