Thursday, June 4, 2020

Lenovo will layoff people

Lenovo announced layoffs for 3,200 of its employees, or 5 percent of its workforce, and plans to adjust its operating structure and product line to make the most of its acquisition of Motorola Mobility last year. As a result, Lenovo will have to pay $600 million in restructuring costs and will be clearing around $300 million worth of smartphone inventory. The cuts are intended to reduce expenses by around $650 million in the second half of this year and around $1.35 billion annually, Lenovo chairman and chief executive Yang Yuanqing wrote in a letter to employees today, following the Chinese company’s earnings release for the quarter that ended on June 30. The company will restructure its Mobile Business Group, in particular.

MOST READ

HH Shaikh Nasser bin Hamad praises “Al-Sariya” Quiz Show success

HM the King’s Representative for Humanitarian Work and Youth Affairs, National Security Advisor and Supreme Council for Youth and Sports (SCYS) Chairman His Highness...

Work More, Talk Less by Dhananjay Mahadev Datar

I was a novice when I stepped into the business field. Until then I had had no background or experience of running a shop....

Zain Bahrain wins the ROI Institute’s Best Published Case Study 2019 Award

Zain Bahrain, a leading telecoms operator in the Kingdom, has recently won the ROI Institute's best-published case study 2019 Award for a study aiming...

HH Southern Governor visits Khalifa Town; meets citizens virtually

Southern Governor, His Highness Shaikh Khalifa bin Ali bin Khalifa Al Khalifa, today paid a field visit to Khalifa Town, in the presence of...

Labour Ministry launches electronic employment service

The Labour and Social Development Ministry has announced the launch of the electronic employment procedures as of Monday, noting that job-seekers are now provided...

stc Bahrain partners with Bahrain City Centre Towers, the highest residential towers in Seef District

Offering integrated ICT solutions to equip businesses with next-generation technologies, stc Bahrain has partnered with Bahrain City Centre Towers in the Seef District. Under...

HRH Premier stresses support to national cadres

His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa affirmed that the Kingdom of Bahrain has taken proactive steps to deal with...

AlMabarrah AlKhalifia Foundation’s ‘100 Laptops’ initiative achieves tremendous success

AlMabarrah AlKhalifia Foundation has announced the success of its "100 Laptops" initiative after it contributed to providing 162 laptops for students, exceeding its initial...

The National Taskforce for Combating COVID-19 underlines the importance of adhering to precautionary measures

The National Taskforce for Combating the Coronavirus (COVID-19) today held a press conference at the Crown Prince Centre for Training and Medical Research at...

Justice Minister stresses compliance to precautionary measures

Justice, Islamic Affairs and Endowments Minister Shaikh Khalid bin Ali Khalifa stressed the necessity of performing the Friday prayers in accordance with the mandatory...

‘RCM’ Celebrates Eid with ‘Special Olympics Bahrain’

Reaffirming on its unwavering support to charitable centers and initiatives in the Kingdom of Bahraini, and out of its keenness to share the joy...

Bahrain will overcome coronavirus pandemic successfully says SCH President

President of the Supreme Council of Health (SCH) Lieutenant General Dr. Shaikh Mohammed bin Abdullah Al Khalifa, the Head of the National Medical Team...

Al Rashid Group (ARG) join hands with the Capital Governorate to provide immediate relief to underprivileged workers in Bahrain

To support the needs of the local communities and those highly impacted by the ongoing COVID-19 pandemic, Bahraini homegrown retail and hospitality conglomerate, Al...

HM King’s directives to honour sports icon praised by Youth Minister

Youth and Sports Affairs Minister, Ayman bin Tawfiq Al-Moayyad, has lauded His Majesty King Hamad bin Isa Al Khalifa’s directives to rename the three...

RHF and iGA Launch Registration Service for those entitled for support from the “Feena Khair” Campaign via Bahrain.bh

The novel coronavirus (COVID-19) pandemic has affected all of us in different ways, some more severely than others. To help the Bahraini Community  overcome...