"Chinese computer maker Lenovo Group Ltd will lay off about 5% of its global workforce as part of a restructuring the company expects will save it $250 million. The layoff of 1,000 full-time employees out of its 21,400 workers worldwide will occur over the next six months to a year," reports AP.
Lenovo took over IBM's PC division, which meant it got a head office in Purchase, New York, close to IBM's headquarters, and 1,820 workers on IBM's campus in Research Triangle Park in the Raleigh-Durham area, North Carolina. Lenovo is moving the people from New York to a new office in Morrisville, near Raleigh. The ThinkPad operations will be consolidated there, while the desktop operations will be consolidated in China.
Lenovo (formerly called Legend) is the world's third largest PC manufacturer, after Dell and HP/Compaq. It's now run by William J Amelio, who last worked for Dell in Round Rock, Texas, but spent 18 years at IBM.
