Lenovo – 3,200 jobs cut

China’s Lenovo Group, the world’s biggest personal computer maker will lay off about 3,200 workers after profits more than halved in the second quarter of 2015, the company announced on Thursday, becoming the first Chinese firm to slash jobs.

The job cut, which will be conducted in the company’s non-manufacturing work force, accounts for about 10% of the non-manufacturing headcount and five percent of its total employees globally, according to a company statement filed to the Hong Kong Stock Exchange, where it is listed, state-run Xinhua news agency reported.

Chosen excerpts by Job Market Monitor. Read the whole story at China’s Lenovo to lay off 3,200 employees as net profit halves | Latest News & Updates at Daily News & Analysis.