On Thursday, computer giant Lenovo said it would cut 5 percent of its staff, or 1,000 positions, as part of a restructuring plan that will cost the company some $100 million in charges, Reuters reports.The restructure will merge the company’s global sales and back office support functions, according to Reuters, and Lenovo expects annual savings of roughly $250 million as a result.The company’s global supply chain will also be shifted to locations that are closer to manufacturers and suppliers, and its headquarters will move from Purchase, N.Y., to Raleigh, N.C. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe For related coverage, read DuPont to Slash 1,500 Jobs, Outlook Raised. Keep checking in at our CIO News Alerts and TechInformer pages for updated coverage. Related content news CIO Announces the CIO 100 UK and shares Industry Recognition Awards in flagship evening celebrations By Romy Tuin Sep 28, 2023 4 mins CIO 100 IDG Events Events feature 12 ‘best practices’ IT should avoid at all costs From telling everyone they’re your customer to establishing SLAs, to stamping out ‘shadow IT,’ these ‘industry best practices’ are sure to sink your chances of IT success. By Bob Lewis Sep 28, 2023 9 mins CIO IT Strategy Careers interview Qualcomm’s Cisco Sanchez on structuring IT for business growth The SVP and CIO takes a business model first approach to establishing an IT strategy capable of fueling Qualcomm’s ambitious growth agenda. By Dan Roberts Sep 28, 2023 13 mins IT Strategy IT Leadership feature Gen AI success starts with an effective pilot strategy To harness the promise of generative AI, IT leaders must develop processes for identifying use cases, educate employees, and get the tech (safely) into their hands. By Bob Violino Sep 27, 2023 10 mins Generative AI Innovation Emerging Technology Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe