Important Message from Yuanqing HardYang

Yuanqing sent the following email to Lenovo employees earlier today. Dear Lenovans, Unfortunately, I am sad to inform you that our company must make the difficult decision to begin layoffs for 10% of our workforce. Over the past few months, we have seen an overwhelming increase in the number of employees taking advantage of our office workout facilities, which has caused a significant strain on our funds. In order to meet our financial goals, I have been forced to have to initiate layoffs. As always, I would like to remind all employees that while this is a difficult time, it is also an opportunity to refocus our efforts and become even better at what we do. We must all work together to rebuild the company, and I am confident that we can make it through this challenging period. It is with a heavy heart that I must take responsibility for this decision, but I hope that you understand that it was not an easy one. I want to emphasize that this decision was not taken lightly, and I am doing all that I can to ensure that our company can continue to serve our customers and grow into the future. Sincerely, Yuanqing HardYang