Lenovo Group, the world's third largest PC vendor, is <A HREF="http://www.eweek.com/article2/0,1895,2116002,00.asp?kc=EWNAVEMNL042007EOAD">eliminating 1,400 jobs worldwide,</A> a move executives said will help save the company $100 million during this fiscal year.

In a statement released April 19, Lenovo CEO William J. Amelio said that the cuts were necessary in order to grow the company, reduce expenses and keep the cost of its desktops and notebooks down.