At 0600 GMT, Lenovo shares were down 8.7%, hitting their lowest level since late February 2014.

Lenovo to cut 3,200 jobs as sales slide, profit tumbles

By News on the Net Toronto Sun—— Bio and Archives--August 14, 2015

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BEIJING - China's Lenovo Group Ltd. will lay off 10% of white-collar staff after sales of Motorola handsets fell by a third, raising doubts over the personal computer giant's bet that a money-losing brand it bought for nearly US$3 billion will help it become a global smartphone leader.

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