No more layoffs, Lenovo CEO tells news service
William Amelio, chief executive officer at Lenovo, said Sunday that no more layoffs are planned at the world’s No. 4 PC-maker.
In an interview with the news service Reuters at a conference in Saudi Arabaia, Amelio said: “We don’t plan further layoffs.”
Lenovo recently announced plans to cut 2,500 jobs after a poor fourth-quarter earnings report and in the face of statistics showing a decline in global market share. Lenovo’s global headquarters are in Morrisville, but most of its operations are in China.
“I’m confident that with what we’ve done right now, we have been able to get ourselves efficient,” Amelio told Reuters.
He also said Lenovo continued to look for possible acquisitions and reiterated a point he has made in recent interviews – there will be consolidation in the PC manufacturing market.
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