“Lenovo is restructuring its Infrastructure Solutions Group (ISG) to sharpen its focus on AI server, storage, and edge computing, driven by a $285 million charge in Q3 FY25/26. This initiative aims to improve profitability, accelerate AI growth, and reduce annual costs by over $200 million within three years”…$200 mil in cost reduction over three years means a whole lot of us are going bye-bye.
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Soft language used to make it acceptable to throw people out on the street.
Abolish HR now.
@2q7 I don’t know because I’m no longer there. But unless ISG magically changes, there will be more this FY
@OP what's the latest? Does anyone know anything on the new isg restructure timing? What groups?
Nudity?
@OP what's the latest, has anyone heard anything!
@qh This is a layoff board, genius. If you don't like what people are discussing, move on yourself.
dearie me.
stop being so insular.
go take the pay-off.
the business leaders , billionaries, couldnt give a rats a-s.
go get the deal and move on.
Anyone know when folks getting cut will likely find out this year?
@dp it was last year and apparently there are no signs of slowing down.
Wasn't this cut last year?
I noticed the exact same thing - what a sh-t show. Start looking for a new job ASAP, I know I have.
@ak it was in the earnings call.
When is this, what's going away?