Lenovo isn’t putting away its checkbook yet. The CEO of the Chinese
PC giant said on Tuesday that the company will continue to acquire
companies for overall growth. This comes as the company is closing two
major deals.
Lenovo recently purchased Motorola Mobility from Google for $2.91 billion. The company also picked up IBM’s server business for $2.3 billion, which seems only natural after Lenovo purchased IBM’s personal computer division in 2005 for $1.25 billion.
Lenovo says it doesn’t plan any additional layoffs at Motorola Mobility.
“Motorola’s handset business has already reduced its head count to around 3,500 employees from 30,000 in the last two years before Lenovo’s acquisition. The remaining employees are all talents and most of them are engineers that can help improve Lenovo’s product development in mature markets,” the WSJ reported Lenovo CEO Yang Yuanqing said after the company’s shareholder meeting. “We can continue to grow our business without cutting any employees.”
Lenovo recently purchased Motorola Mobility from Google for $2.91 billion. The company also picked up IBM’s server business for $2.3 billion, which seems only natural after Lenovo purchased IBM’s personal computer division in 2005 for $1.25 billion.
Lenovo says it doesn’t plan any additional layoffs at Motorola Mobility.
“Motorola’s handset business has already reduced its head count to around 3,500 employees from 30,000 in the last two years before Lenovo’s acquisition. The remaining employees are all talents and most of them are engineers that can help improve Lenovo’s product development in mature markets,” the WSJ reported Lenovo CEO Yang Yuanqing said after the company’s shareholder meeting. “We can continue to grow our business without cutting any employees.”
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