https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-new-logo.png
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Technology Solutions Brokerages
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
  • MSP 501
    • Back
    • MSP 501 Rankings
    • NextGen 101 Rankings
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
  • Channel Futures TV
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
  • Resources
    • Back
    • Channel Futures 20: Top Tech Providers
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Advertise
    • 2023 Editorial Calendar
  • Awards
    • Back
    • 2022 MSP 501
    • Channel Influencers
    • Circle of Excellence
    • DE&I 101
    • Technology Advisor 101 (TA 101)
    • Channel Leaders Lists
  • Events
    • Back
    • 2023 Call for Speakers
    • CP Conference & Expo
    • MSP Summit
    • Channel Partners Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • About Us
  • DE&I
Channel Futures
  • NEWSLETTER
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Technology Solutions Brokerages
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
  • MSP 501
    • Back
    • MSP 501 Rankings
    • NextGen 101 Rankings
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
  • Channel Futures TV
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
  • Resources
    • Back
    • Channel Futures 20: Top Tech Providers
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Advertise
    • 2023 Editorial Calendar
  • Awards
    • Back
    • 2022 MSP 501
    • Channel Influencers
    • Circle of Excellence
    • DE&I 101
    • Technology Advisor 101 (TA 101)
    • Channel Leaders Lists
  • Events
    • Back
    • 2023 Call for Speakers
    • CP Conference & Expo
    • MSP Summit
    • Channel Partners Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • About Us
  • DE&I
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Agents
  • Cloud Service Providers
  • Channel Partners Events
 Channel Futures

Mobility & Wireless


Shutterstock

Laid Off

Lenovo Cuts Hundreds of Workers

  • Written by Edward Gately
  • May 29, 2019
It's not because the company's in the red.

Lenovo on Wednesday confirmed it has cut hundreds of employees in its global workforce as part of its ongoing strategy amid rising revenue.

Kristy Fair, Lenovo’s director of global communications, said about 500 positions are impacted by the layoffs. The computer maker now has about 5,000 workers in the United States and 57,000 workers globally.

She wouldn’t specify what types of positions are being eliminated or where they are located.

Lenovo's Kristy Fair

Lenovo’s Kristy Fair

“While these actions aren’t easy, they are necessary as we continue to execute our strategy for intelligent transformation while achieving sustainable, profitable growth,” Fair said.

Lenovo’s latest quarterly earnings topped analysts’ estimates. Profit during its fourth quarter increased nearly threefold to $118 million, compared to analysts’ average estimate of $106 million. Revenue of $11.7 billion also surpassed projections.

For fiscal year 2018-19, Lenovo’s revenue exceeded $50 billion for the first time, up 12.5%, to a record-breaking $51 billion.

Earlier this month at its Lenovo Accelerate conference, the company admitted losing its way with the channel and said it’s determined to turn that around by making a channel-first commitment.

Globally, about 80-85% of Lenovo business goes through partners. In the U.S., that figure is closer to 50%, largely because the U.S. organization was on a path, over the last couple of years, to build more of a direct organization. That has changed as Lenovo is reorienting its business around the channel.

Also this week, the Silicon Valley Business Journal is reporting that Oracle has spent months quietly cutting jobs across the United States, with some employees worrying that as much as 10 percent of the company’s 138,000 employees could be out of a job by the time the cuts are complete.

Oracle wouldn’t comment on the layoffs.

Tags: Agents Mobility & Wireless

Most Recent


  • Hybrid Work Model: Keeper Security, Open Systems, More Address Security Concerns
    The human element plays a big role in hybrid work security.
  • IoT Technology, state of telco channel
    State of the Telco Channel: Partners, Suppliers Weigh in on Challenges
    Transactional vs. transformational. Upmarket vs. down-market. Nuance abounds in the network services channel.
  • Microsoft Teams, Fusion Connect partnership
    Fusion Connect Drives Growth with Long-Term Investment in Microsoft Operator Connect
    The company says Teams has become more robust in the last three years.
  • OT organizations
    Fortinet: Cybercriminals Heavily Targeting OT Organizations
    There's lots of opportunities for partners to help OT organizations shore up their cybersecurity.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • Select a Hire
    Telarus Hires Megapath, Fusion Connect Vet Dan Foster as Latest CRO
  • 5G
    5G: Revolution or Evolution?
  • Security shield on digital background
    VMware Security Connect Focused on Redefining Security, Increasing Threats
  • Fortune 500 2021 logo
    AT&T, Microsoft, Verizon, More Tech, Telco Companies Make Latest Fortune 500

Upcoming Events

View all

Channel Partners Europe

June 13, 2023 - June 14, 2023

Channel Futures Leadership Summit

October 30, 2023 - November 2, 2023

Channel Partners Conference & Expo

March 11, 2024 - March 14, 2024

Galleries

View all

Channel People on the Move: HPE, Lumen, Sophos, TD Synnex, AireSpring, More

June 1, 2023

Faces of the Partner: 5 Tech Advisors Retiring, Transitioning

June 1, 2023

Veeam’s Larissa Crandall Eyes New Alliances, Expanding Partner Program

June 1, 2023

Industry Perspectives

View all

Dell Technologies World: Dell Apex Expanded Across On-Premises, Cloud and Edge

May 22, 2023

Identity Is Increasingly Valuable – and Targeted

May 18, 2023

Gaining a Competitive Advantage through AV Managed Services

May 10, 2023

Webinars

View all

From Problem to Profit: Mastering the Science of Selling Using Business Outcomes

May 9, 2023

Meet the 2023 Channel Futures Channel Influencers

April 13, 2023

DE&I Dialogue: How the Right DE&I Initiatives Can Propel Your Business

April 5, 2023

White Papers

View all

6 UCaaS Reseller Challenges and How Real World Businesses Solved Them

February 1, 2023

Frost Radar: North American UCaaS Market, 2022

February 1, 2023

The Complete Guide to White-Label UCaaS for Reseller Success

February 1, 2023

Channel Futures TV

View all

Coffee with Craig and James Episode No. 123: MartinWolf M&A Advisors, CP Expo Preview

UScellular Takes On Rivals with Partner Program Simplicity

April 21, 2023

OpenText Simplifying Deal Registration, Doubling Down on MDF

April 21, 2023

Everything-as-a-Service: CloudBlue Touts Critical Customer Transition

April 18, 2023

Twitter

ChannelFutures

Thinking about adding #MDR to your cybersecurity stack? @Malwarebytes outlines the questions MSPs need to conside… twitter.com/i/web/status/1…

June 2, 2023
ChannelFutures

Use #automation and #incidentresponse to help customers minimize risk, says @bigpanda. dlvr.it/Sq1zy1 https://t.co/wxxyPbGBeY

June 2, 2023
ChannelFutures

Do you want to gain additional knowledge from extraordinary marketing leaders? This list will provide expert tips a… twitter.com/i/web/status/1…

June 1, 2023
ChannelFutures

.@barracuda discloses email software #vulnerability that's been exploited since fall 2022. dlvr.it/Sq0w4c https://t.co/vqxx8x07eO

June 1, 2023
ChannelFutures

.@CrowdStrike keeps customers ahead of an expanding threat environment by delivering AI-powered protection, officia… twitter.com/i/web/status/1…

June 1, 2023
ChannelFutures

Today’s cybercriminals can bypass traditional defenses at will, leaving businesses susceptible to attacks. @datto… twitter.com/i/web/status/1…

June 1, 2023
ChannelFutures

Five partner leaders shared why they chose to say goodbye to their companies. dlvr.it/Sq01Z7 https://t.co/cGDIV9JJxG

June 1, 2023
ChannelFutures

.@Veeam's @LarissaCrandall is exploring new partner opportunities, alliances with security vendors.… twitter.com/i/web/status/1…

June 1, 2023

MSP 501

The industry's largest and most comprehensive partner awards program.

Newsletters and Updates

Sign up for The Channel Report, Channel Futures Update, MSP 501 Newsletter and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Galleries

Educational slide shows and images from live events.

Media Kit And Advertising

Want to reach our audience? Access our media kit.

DISCOVER MORE FROM INFORMA TECH

  • Channel Partners Events
  • Telecoms.com
  • MSP 501
  • Black Hat
  • IoT World Today
  • Omdia

WORKING WITH US

  • Contact
  • About Us
  • Advertise
  • Newsletter

FOLLOW Channel Futures ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2023 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X