Lenovo Is Cutting Costs in Wake of Pandemic-Fueled Recession

Lenovo Group Ltd. said it’s cutting costs in some parts of its business in the wake of a global recession triggered by the Covid-19 pandemic.

“Like every business today, we are continually managing our cost structure to ensure long-term competitiveness, including undertaking targeted expense saving actions in certain areas,” the Beijing-based PC and smartphone maker said in a statement.