Is cutting jobs and streamlining its business going to save Lenovo?

It turns out that being the world’s largest PC manufacturer won’t help you much when you’re trying to expand into the mobile market. Lenovo is learning this the hard way as it suffers from a declining PC market and an inability to find success in the mobile market, both of which are why the company’s income has started to nosedive. In an effort to turn things around, Lenovo has announced that it’s going to be laying off a few thousand employees and will be restructuring its mobile division in order to produce smartphones faster and at a lower cost.