Lenovo will lay off 3200 employees and entrust Motorola with the smartphone making, following a disappointing financial quarter

Lenovo will lay off 3200 employees and entrust Motorola with the smartphone making, following a disappointing financial quarter:

It's been a gloomy year of job cuts for the mobile industry, as the likes of BlackBerry, Microsoft, Sony, HTC, and others have embarked on "streamlining" their operations. In other words, their products don't sell in the oversaturated, complicated market of today, which reduces the need for labor and calls for downscaling business.



In Lenovo's case, the company faced "severe challenges" in its main markets — PCs, tablets, and smartphones — in the second quarter of 2015. Net income declined 51% from last year, down to US $105 million. The PC market is in decline, while growth in smartphones ...