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Lenovo Asks Motorola To Take Over Its Mobile Division

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Lenovo Asks Motorola To Take Over Its Mobile Division

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Lenovo has reported a rather gloomy fiscal report this year, regarding its PC and smartphone businesses. With the company struggling to keep up its numbers in the market it has decided to lay off about  10% of the company’s employees from its non-manufacturing sector.

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Lenovo’s reported revenue is $10.7 billion, which is still lower than the $11.29 billion forecast. It has also been reported that Lenovo’s net income is 5% lower as compared to last year. This situation has led Lenovo to lay off 3,200 people and a total of 5% of Lenovo’s 60,000 staff.

The justification of this move, is to keep the company afloat and running. However, the interesting bit is, that Lenovo is also planning to use the profits earned to restructure the mobile business. It has plans to rethink its handsets and have only a few signature models.

Hence, Lenovo has asked Motorola to take charge of its mobile division. Reports also suggest that Lenovo’s CEO has written a letter to the employees urging them to better the company’s mobile business group and thinks that, with Motorola in charge of the mobile division and Lenovo in charge of the PC division, both companies should be able to bring Lenovo to the forefront, once again.

Source: [tw-button size=”medium” background=”#07ABE2″ color=”” target=”_self” link=”http://www.gsmarena.com/lenovo_plans_to_lay_off_over_3000_employees_and_put_motorola_in_charge_of_mobile-news-13516.php”]GMSArena[/tw-button]

 

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About The Author
Nikita Noronha
Nikita Noronha is the sub-editor for iGyaan. Her interests include photography, movies and of course, any kind of good food.
10 comments
Bhumik Kewlani
Bhumik Kewlani

Simply get vannila experience in lenovo, everything will rise up

Sunny Bhardwaj
Sunny Bhardwaj

Lenovo is worst brand..don't buy anything by lenovo...

Sathish Yadav
Sathish Yadav

Good decision, Lenovo is worst brand, suffering for buying their defective keypad designed laptop