Under intense price pressure in the personal computer market, Lenovo Group Ltd. Is planning to cut an additional 1,000 jobs, according to various news service reports.
Most of the cuts would happen in the United States, likely in the Research Triangle Park area, the reports stated, citing sources close to the Beijing-based company.
The restructuring, which reportedly would also affect some workers in China, comes a year after Lenovo cut 1,000 jobs, or roughly 5 percent of its workforce, as the company absorbed the PC business it bought from IBM.
Lenovo, the third-largest computer maker behind Dell and Hewlett Packard, has struggled to increase its market share, but has been stymied by falling PC prices. Cost-cutting measures helped to restore profits to the former IBM unit in the December quarter, but revenues were flat.