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    Lenovo Sales Down 50%, Layoffs Begin

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    • mlnews
      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 Cooper
        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.

        JaredBusch 1 Reply Last reply Reply Quote 1
        • JaredBusch
          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
          • scottalanmiller
            scottalanmiller last edited by

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

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

              Couldn't have happened to a more deserving company

              nadnerB 1 Reply Last reply Reply Quote 1
              • nadnerB
                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
                • scottalanmiller
                  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.

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