Lenovo CEO Yang Yuanqing introduces the company's innovative products at the Masonic Center San Francisco the United States
07 Ottobre, 2016, 22:37
Ever since then, we have seen them do quite remarkably in the market with a wide array of smartphones under the Moto Subbrand but that still didn't stop Lenovo from cutting of a huge chunk of the workers under the Motorola Mobility arm a year ago.
Beijing-based Lenovo said the firings affect "less than 2 percent" of its global workforce of 55,000 people, according to a statement. One of them said that out of the remaining 1,200 workers, more than 700 are losing their jobs. Lenovo themselves have not put a number on this to confirm.
Once a great name in the smartphone spectrum, Motorola seems to be dying down and now with this huge amount of job lay off, we might just end up hearing the last of this OEM is the next coming year. Google bought them for a price tag of $12.5 billion in 2011, before selling them off to Lenovo for a price tag of $2.9 billion in 2014.
Motorola series became popular in India with Moto G, Moto E smartphones.
In its present round of lay off, the company eliminated 1,000 employees, with the majority of the positions being part of the running strategic integration between Lenovo and Motorola Smartphone business.
Lenovo made a pact with an aim of expanding the business in North America, Latin America and Western Europe, where Motorola remains to be cult in the smartphone business.
The company also said that it is making adjustments in other areas of the business as part of a continued effort to manage costs, drive efficiency and support ongoing improvement in overall financial performance.
In a statement given to DL, Motorola notes that "While these actions are never easy, they are a necessary part of our continued efforts to ensure long-term, profitable growth across all of our businesses".
Lenovo also said that contrary to rumors circulating among its workers, it is not moving to the Lenovo US base in North Carolina and will stay in Chicago, where it now has its Motorola Mobility HQ.