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HTC, Lenovo to cut jobs due to declining revenue

Two major players in the consumer electronics space are announcing job cuts. Lenovo plans to eliminate about 3,200 jobs, or roughly 5 percent of its workforce. HTC, meanwhile, will be cutting more than 2,000 jobs, which eliminates about 15 percent of its workforce. Both announcements are due to declining revenues, although in the case of HTC the […]