Thread regarding Lenovo layoffs

DCG suffered the majority of the losses, most of those let go were not performance related. Instead this was aimed at slashing expenses, read that making the books look good temporarily. There were other divisions that suffered losses as well. I was part of a team of 9 that traveled to cover customers across 5 states, now that team has 3 members left. My guess is that Mgmt thinks all of those customers can be covered by phone calls from the home office instead.

I have heard that everyone in the US that is not in a job that requires travel and that is located outside of the RTP area in DCG is a target including sales. I also have heard that some who are in the RTP area are out.

I don't think these layoffs are surprising given HPE's layoffs and outsourcing of technician jobs to Unisys back in March. Lenovo had enough trouble competing with HPE before their reorg and layoffs and has to do something as a public company to stay competitive in the US market and raise their per share value so they can be relisted. With most companies focusing on commodity 1U servers or the cloud, Lenovo really can't differentiate themselves enough to survive as a premium server brand so they have to circle the wagons and can really do is cut things down to a manageable size(offerings, people, customers) until they can find a way forward That probably won't happen as long as AWS, Azure, and Google stay in the market in their current form. However, one of these days some major cloud vendor will fail in a big way and companies will want their systems back under their control again. Can Lenovo hold out until that happens?

Is only DCG affected or will layoffs be coming to other areas as well?