I know profit is important, but when you're willing to go after profit at all costs then the company is going to suffer and ultimately fail. When they put profit above knowledge and experience by laying off some of the best and most senior employees, they are dooming this place for a quick boost in profits. Lenovo is not going to survive under this management.
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How's that wonderful strategy working out now? Oh, that's right. Part of the strategy is to get rid of people at the first sign of trouble.
Lenovo
Year after year of layoffs
Overworked and underpaid
CCCP control of the company
No envy from this quarter. Haha
Does anyone in this thread have any information on possible upcoming layoffs?
Here they come.
You do know Lenovo is a Global company yes ?
Those innovations from Japan (we bought NEC sometime ago) and JV with Fujitsu and Medion and many many others) we own these things.
US Innovations, yes we still have some.
Its your perception that it is just a Chinese company that is your undoing.
Another bumper quarter, makes you all sick at our successes.
and you dont know what to do about it, even DELL is USA suffers.
Just the facts mam -
9 consecutive quarter of revenue and profit growth.
post pandemic order volumes HIGHER than pre pandemic
25% market share in PC, number 1 in the world.
Strategy for as a service and SSG delivers 23% margin.
6,000 added employees during 2022 so far.
37% of revenues comes from NON PC segment.
Amazingly 34% of the company revenue comes from Americas region, so much for the Yanks not liking China Tech.
Yes YOU ARE (your) right, it is a failing strategy.
Lenovo "strategy":
- Offer below average to average salary and talk up bonuses to prospective onshore employees, convince them to join a "growing market leader".
- Pile work on, tell said employees them how great they are and how there is so much "potential" for growth to get them to keep slogging those 70+ hour weeks.
- When it's time for evaluations, give a below cost-of-living merit increase. Rate the brown-nosing self-promoting clowns high, that actual workers average and those who speak out against the system low. Put "troublemakers" (definition completely subjective and open) on PIP plan.
- Layoff people who "cost too much", ignoring what talent and expertise they bring the company, padding the near-term results and keeping investors (particularly those in East Asia) happy.
- Market the brand to an annoyingly ridiculous degree. Celebrate every time an executive successfully completes a bowel movement, report this to all non-management since they need to know how great their overlords are.
- Hire offshore for 1/2 the price, talk about how great things are to investors and other perspective employees, repeat cycle at 1)
and another bumper results first quarter.
your right, no strategy at all.
Total truth.
Nothing but snake-oil salesman and con-men hucksters posing as competent management.
No real strategy beyond the next quarter.
Never leading, always following the FAANG companies from a distance.
Copying their ideas with a small fraction of the people, resulting in another expensive add-on to a Thinkpad that no one wants.
All talk about risk yet they seldom take any.
Nope. Good riddance.