Things are looking a little rough for Lenovo at the moment. They just had to lay off 3,200 staff as their profits take a 50% dive. That's not to say that they are losing a ton of money, but they aren't making near as much as they did last year. Don't feel too bad for them as gross profit increased to 22% overall - to a mere $1.6 Billion. Hopefully they can clean up some lose ends and turn things around - we need PC makers in order to keep competition alive here in North America.
Times, we are given to understand, are tough and tough decisions have to be made. These decisions are couched in terms of increased efficiency and increased share value. They include the dunking of smartphone inventory worth $300m, and presumably post-Superfish clean up work.