by CIO Staff

Lenovo to Cut 5 Percent of Staff

Mar 16, 20061 min

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.

For related coverage, read DuPont to Slash 1,500 Jobs, Outlook Raised.

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