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Lenovo to Slash 3,200 Jobs After Motorola Sales Slide

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Aug 13, 2015, 6:57 AM   by Eric M. Zeman   @phonescooper

Lenovo today said it plans to reduce its headcount by as many as 3,200, or about 10%, as it looks to reduce expenses. The company reported earnings and said sales across its various business units dropped by 9% during the quarter. Lenovo's Motorola unit saw a significant drop in shipments, which plunged 31% to 5.9 million phones during the quarter. The company blamed the poor performance on competition in emerging markets. Even though Motorola's sales sank, Lenovo CEO Yang Yuanqing expressed confidence in the division "I still believe mobile is a new business we must win. I still believe this acquisition was the right decision. Except Apple and Samsung, there is no third strong player. I believe that will be Lenovo." Motorola recently released the Moto G in the U.S., and plans to release the Moto X next month. Lenovo acquired Motorola from Google last year for about $2.9 billion.

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JoelMikel

Aug 13, 2015, 2:04 PM

Donald trump

needs to come in and fire the entire design staff....

I don't think it's a lack of innovation because Moto has some of the best features available but they are now some of the crap ugliest phones.
maxymax

Aug 13, 2015, 12:21 PM

Motorola

Motorola used to be the big dog, along with Nokia back in the day. Now Nokia is no longer and Motorola has one foot in the grave too. Google really f'd up Moto when they took it over. They raided their patents like some pirates and then sold the scraps to wolves. Motorola needs to come out with something innovative, but I doubt that will happen now that it's not an independent company. Stop copying Apple too with non removable batteries. Samsung is copying Apple and that's not a good thing. People buy Android because they don't want Apple, so why would they buy an Apple clone Android device like Motorola or Samsung?
 
 
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