Lists & Awards

Top Articles

Link to AI 50 List

AI 50 List

Channel Insider's editorial team spotlights the top AI leaders from MSPs, vendors, and channel businesses delivering measurable outcomes.

Link to CML 100 Honorees

CML 100 Honorees

Check out our CML 100 List to discover the top channel marketing individuals who are transforming channel marketing for their organizations.

Link to HSP 250 List

HSP 250 List

View our HSP250 list to see the top Hybrid Solution Providers that have proactively embraced the future of tech.

Link to The 2024 Channel Insider VIP List

The 2024 Channel Insider VIP List

Channel Insider sought nominations from IT vendors, solution providers, and partners to highlight impactful collaborations. Check out our top choices here.
About About

Lenovo Sees up to $100M in Restructuring Costs

HONG KONG, Nov 7 (Reuters) – Lenovo (0992.HK) expects to book another $75 million to $100 million restructuring charge "going forward", its top executives said on Friday, as the world’s fourth-largest PC maker struggles to reduce costs in a difficult market. Executives on a conference call did not put a timeframe on that expense, but […]

Written By

Channel Insider Staff

Nov 7, 2008

Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Executives on a conference call did not put a timeframe on that expense, but stressed that the figures included a $24 million restructuring cost booked in the fiscal second quarter.

Analysts say the firm must continue to trim costs by laying off staff, among other measures.

Executives added that Lenovo, which saw margins slide in the second fiscal quarter as heated competition pressured prices, hoped to stabilise gross margins at current levels. (Reporting by Joanne Chiu; Editing by Anne Marie Roantree)

Channel Insider Staff

Recommended for you...

Infrastructure

Scale Computing Makes Strategic Updates to HyperCore Solution

Scale Computing updates its SC//HyperCore platform with AI-ready, resilient edge virtualization to cut costs, simplify IT, and boost automation.

Jordan Smith

Sep 17, 2025

Druva Launches Metadata Graphing & New Agentic AI Solutions

Druva’s MetaGraph and new AI agents help MSPs and resellers deliver secure, real-time metadata intelligence, boosting compliance and reducing risk.

Jordan Smith

Sep 17, 2025

Security

SonicWall’s Michael Crean on State of Managed Security

As attacks grow faster, SonicWall EVP Michael Crean calls for MSPs and MSSPs to strengthen fundamentals and leverage AI-driven automation.

Victoria Durgin

Sep 17, 2025

Gigamon Unveils Agentic AI App to Boost IT Productivity

Gigamon Insights brings AI-driven security, compliance, and observability with integrations for AWS, Elastic, and Splunk.

Luis Millares

Sep 16, 2025

Channel Insider combines news and technology recommendations to keep channel partners, value-added resellers, IT solution providers, MSPs, and SaaS providers informed on the changing IT landscape. These resources provide product comparisons, in-depth analysis of vendors, and interviews with subject matter experts to provide vendors with critical information for their operations.

Company

About us Contact us Advertise with us

Lenovo Sees up to $100M in Restructuring Costs

Channel Insider Staff

Recommended for you...

Company

Categories