Chairman of the board cites last quarter 's below-expectations performance . Job cuts to include management and executive positions . Comment: In addition , the `` resource redeployment plan '' included executive compensation reductions of 30 percent to 50 percent , including bonuses , and the consolidation of its China and Asia-Pacific organizations into a single business unit to be called Asia Pacific and Russia . Lenovo anticipates taking pre-tax restructuring charge of approximately $ 150 million .
Chairman of the board cites last quarter 's below-expectations performance . Job cuts to include management and executive positions . Comment: Lenovo anticipates taking pre-tax restructuring charge of approximately $ 150 million .