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Lenovo, Dell and TDK layoff thousands, bum out thousands more


No longer content to sit on the sideline while companies like Logitech and Creative get all the press, Lenovo, Dell and TDK are all "restructuring." And you know what that means. Lenovo: cutting 11 percent of its work force. Dell: cutting 1,900 jobs, closing its plant in Limerick. TDK: cutting 8,000 jobs and closing four plants. This might be a tad depressing, but don't lose heart, people! As Sony's Gary Shapiro pointed out at the company's keynote this morning, tech companies "don't seek bailout money, we seek opportunity." After all, the company knows a thing or two about "opportunity."

Read: Lenovo Expects Quarterly Loss, Plans Job Cuts
Read: Dell to axe 1,900 jobs
Read: Japan's TDK to cut 8,000 jobs, close four plants
Read: Layoff Blog

Update: Shapiro is the President and CEO of the Consumer Electronics Association. Our bad.

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