The slowdown in both the Chinese and global economy has cut into overall demand in the tech industry. (Photo courtesy of Lenovo)
HONG KONG — Lenovo Group, the largest PC maker in the world by volume, said Wednesday that it slashed about 5% of total headcount during the January-March period.
The substantial job cuts during the final quarter of the financial year ended in March came amid a lingering slump in the PC business, where the Chinese company recorded $249 million in restructuring costs.
