Electronics device maker Lenovo plans to lay off about 300 of its 3,000 employees in the Triangle.
The China-based company, whose U.S. headquarters is located in Morrisville, announced a “worldwide resource action” in late September that would affect about 2 percent of its 52,000 employees worldwide, said spokeswoman Milanka Muecke.
“While we are making good progress by executing our three-wave strategy and strongly believe that we are on the right path to profitable growth, we are taking this step now to ensure that we are as competitive and as cost-efficient as we can be, particularly with our growth businesses continuing to build momentum in the marketplace,” the company said in a news release.
The Lenovo employees who are losing their jobs in the Triangle work across different functions and organizations, Muecke said. They will be eligible to apply for positions in other areas of Lenovo.
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Lenovo will continue its efforts to manage costs while investing in mobile and data center businesses along with non-hardware businesses like artificial intelligence and big data, she added.
“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,” the release stated.
In September 2016, Lenovo cut less than 1 percent of its Triangle workers – fewer than 32 employees – as part of a larger, worldwide job-cutting initiative aimed at turning around its money-losing Motorola business.
This followed the company’s August 2015 layoff of 3,200 white-collar workers worldwide – about 5 percent of its workforce at the time – including 230 Triangle employees. The goal then was to reduce expenses by about $1.35 billion.