Lenovo has announced another round of job cuts in the US, reducing its workforce by about three per cent in the country. The decision impacts over 100 employees as part of what the company calls a strategic restructuring.
The China-headquartered tech giant, which maintains dual headquarters in Beijing and Morrisville, North Carolina, is carrying out the layoffs to align its operations with market conditions. The move comes despite Lenovo having a significant employee presence in the US, particularly in the North Carolina Triangle area, where its largest office is located.
Although the company has not disclosed the exact number of employees affected in North Carolina, the overall job reduction is tied to broader organisational changes.
Lenovo’s decision to streamline its North America business appears aimed at sharpening its focus on emerging technologies and areas of future growth.
This round of layoffs is part of a pattern. Lenovo has previously reduced workforce numbers in 2015, 2017, 2019 and 2022. The recent cuts come on the heels of new plans to boost artificial intelligence capabilities, with the company recently unveiling ambitions to build AI-powered PCs and infrastructure as part of its transformation strategy. The company’s CEO had called the coming years the “AI decade,” wherein Lenovo would be in a position to invest further in smart technology despite internal job losses.
Lenovo is just one of the many tech companies trimming workforces thos year. While the company’s Q4 results showed a 21 per cent revenue jump year-over-year, the layoffs highlight the continued volatility in the tech sector, where growth as well as contraction are unfolding.
