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Fujitsu in trouble, will sell PC business to Lenovo
  • Japanese IT giant Fujitsu is as planning to cut 1,800 jobs in Britain as part of a restructuring programme....

    In a statement released on Thursday, Fujitsu said it was “considering various possibilities, including what is being reported” amid widespread media speculation this week in Japan of such an acquisition by Hong Kong-listed Lenovo.

    Lenovo would have a 40 per cent share of Japan’s personal computer market if that merger pushes through.

    Mergers continue. Big job cuts are also expected amid many PC and smartphones brands in 2017.

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  • HP also plan to cut 3000-4000 to optimize profits flow to shareholders.