Lenovo, one of the Triangle’s largest tech employers, confirmed Monday that companywide job cuts will affect its local workforce.
Postings on the online message board TheLayoff.com suggest job cuts at Lenovo began late last week. The PC computer maker declined to say how many positions will be eliminated.
https://www.newsobserver.com/news/business/article269901527.html
The seasonal cull to appease stockholders is Capitalist greed writ large. You could set your sundial to it.
“Like all business, we regularly review our cost structure to align with external market dynamics and we are currently rebalancing some resources towards our growth engines to further drive the transformation of Lenovo’s business,” said Lisa Marie Ferrell, a spokesperson for Lenovo North America, in an email to The News & Observer.
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