China's Lenovo to cut 11 percent of work force

(AP) -- Shares of Lenovo Group tumbled Thursday after the world's fourth-largest computer maker warned it expects a loss for its latest quarter and will lay off 11 percent of its work force and cut executive pay.

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<p><a href="http://www.physorg.com/news150616408.html">China's Lenovo to cut 11 percent of work force</a></p> <p>(AP) -- Shares of Lenovo Group tumbled Thursday after the world's fourth-largest computer maker warned it expects a loss for its latest quarter and will lay off 11 percent of its work force and cut executive pay.</p>