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Lenovo Announces Layoffs, Remains 'Committed' to Motorola

Sep 26, 2016, 4:17 PM by Eric M. Zeman
updated Sep 26, 2016, 4:17 PM

Lenovo today announced a workforce reduction that will see close to 2% of the company's 55,000 employees losing their jobs. Most of the more-than-1,000 cuts impact Lenovo-owned Motorola. Lenovo said the job cuts are "part of the ongoing strategic integration between Lenovo and its Motorola smartphone business." The company is still working to align its businesses and streamline its product portfolio. The company claims it is "making adjustments in other areas of the business" to manage costs and improve efficiencies. It insists the job cuts are necessary to ensure the company's long-term future. Lenovo said it "is absolutely committed to Chicago and we plan to maintain our Motorola Mobility headquarters there" where it will pursue research and development for its smartphone business. "We expect to take advantage of local talent to continue developing Moto products there." Lenovo bought Motorola from Google in 2014 for $2.91 billion. It has already cut more than 3,000 people from Motorola's payroll. Motorola's most recent handsets are the Moto Z, Z Force, and Z Play, which are sold unlocked as well as via Verizon Wireless under the Droid brand.

source: Lenovo

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Comments

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This forum is closed.

JoelMikel

Sep 26, 2016, 9:05 PM

"Committed".....

.....to completely destroying a nearly century's old company in under 3 years

Versed

The greedy corporate executives which first split the company into two companies, and then sold it off to Google, then Lenovo are as much to blame. If one isn't committed to oneself, why should an off shore company be?? Basically, they wanted the na...
(continues)

GrantG

Sep 26, 2016, 5:30 PM

Awesome Insider Knowledge

What I love most about PhoneScoop is that you always get information that's accurate

Sad to hear that that 2% of Lenovo's 55,000 employees are getting laid off. Wishing the best for those who lost their security.

Great post!

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