An internet consumer who appeared to be an genuine Lenovo worker on Maimai, a Chinese office neighborhood, posted a message on March 22 which learn, “On March 20, Lenovo officially informed that the group’s smartphone brand Legion will be completely abolished. From the former business to the current gaming phone business, Lenovo has once again cut off its own smartphone business. It now only keeps the Motorola business that it acquired for $2.9 billion in 2014.” As of March 23, Lenovo has not responded to the information.
As the one remaining manufacturers within the present gaming cellphone market, the most recent Lenovo Legion product is the Legion Y70 smartphone that was launched in August final 12 months. At that point, this smartphone attracted loads of consideration with its Snapdragon 8+ processor, LPDDR5+UFS3.1 storage, 144Hz ultra-high recent fee straight show and a worth of lower than 3,000 yuan ($439).
Many net customers on one other office web site, Momo, who’re additionally licensed as “Lenovo employees” have posted that they’ve been laid off. Some Motorola workers wrote, “I have asked many previous colleagues, and they were all laid off. I have not dared to ask again.” Another worker wrote that that they had been transferred to different enterprise traces, reminiscent of Lenovo’s pill enterprise.
According to a report by Sina Tech, some Lenovo workers who’ve talked with HR and signed a severance contract stated, “I was evaluating a project in the morning, and scheduled to talk with HR in the afternoon.” According to the worker, the variety of workers to be laid off this time is between 50 and 100. Those who signed a severance contract inside three days after their discuss with HR will obtain N+2 compensation. If not, the compensation can solely be N+1.
However, some Lenovo insiders additionally wrote, “Every company will have normal layoffs. It can be exaggerated to say that the whole business has been laid off. Please take the official information actually disclosed as the standard. Please do not take anonymous tips by a third party too seriously.”
SEE ALSO: Halted Acquisition by Tencent May Underpin Layoffs at Gaming Phone Firm Black Shark
Gaming smartphones are having a tough time at current. Last 12 months, Chinese gaming smartphone model Black Shark additionally confronted enterprise difficulties, and it was reported damaged capital chains and large-scale layoffs.
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