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Lenovo confirms layoffs with computer sales plunging worldwide

News of the layoffs comes as financial pressure increased on Lenovo again in the first quarter as PC shipments - Lenovo's primary revenue source - plunged 30%, according to industry data. Its global market share of 22.4% remains more than one percentage point ahead of HP. Global shipments also fell in the last quarter of 2022 which triggered the warnings about cost cutting.
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