Lenovo to lay off 10% of staff, let Motorola lead mobile

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It feels only like yesterday that Lenovo was celebrating a revenue jump in 2014. Releasing the figures for the first quarter of 2015, however, things have taken a drastic downward turn. Although the company’s quarterly revenue saw a 3 percent increase in year-over-year numbers at $10.7 billion, it missed analyst expectations of an $11.29 billion figure. Worse, its actual net income took a steep dive to $105 million, a 50 percent decline from the same period last year. In short, Lenovo needs to take equally drastic measures.

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https://www.slashgear.com/lenovo-to-lay-off-10-of-staff-let-motorola-lead-mobile-13396818/

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