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    Lenovo Sales Down 50%, Layoffs Begin

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    • mlnewsM
      mlnews
      last edited by

      http://www.nytimes.com/2015/08/14/business/dealbook/for-lenovo-cost-cutting-is-not-enough-to-stem-losses.html

      1 Reply Last reply Reply Quote 2
      • Reid CooperR
        Reid Cooper
        last edited by

        @mlnews said:

        http://www.nytimes.com/2015/08/14/business/dealbook/for-lenovo-cost-cutting-is-not-enough-to-stem-losses.html

        Holy crap, earnings fell 51% in a single quarter!! That seems like a crazy number.

        JaredBuschJ 1 Reply Last reply Reply Quote 1
        • JaredBuschJ
          JaredBusch @Reid Cooper
          last edited by

          @Reid-Cooper said:

          Holy crap, earnings fell 51% in a single quarter!! That seems like a crazy number.

          Honestly, a bit happy that it happened to the company. sad that it had to affect the employees that had no idea about the shady shit being done though.

          1 Reply Last reply Reply Quote 2
          • scottalanmillerS
            scottalanmiller
            last edited by

            We can wish them well and hope that they find excellent jobs elsewhere.

            1 Reply Last reply Reply Quote 0
            • MattSpellerM
              MattSpeller
              last edited by

              Couldn't have happened to a more deserving company

              nadnerBN 1 Reply Last reply Reply Quote 1
              • nadnerBN
                nadnerB @MattSpeller
                last edited by nadnerB

                @MattSpeller said:

                Couldn't have happened to a more deserving company

                True, but as usual, the plebs/minions/staff that ACTUALLY matter that get shafted while the same stale cupcakes are still in charge.

                1 Reply Last reply Reply Quote 2
                • scottalanmillerS
                  scottalanmiller
                  last edited by

                  Well the people ultimately in charge that are allowing them to operate this way are the shareholders. And they are definitely being punished now. You can't change the shareholders but you can make sure that they are not getting your money.

                  1 Reply Last reply Reply Quote 0
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