RALEIGH, NC -- Lenovo Group (HKSE: 992) (ADR: LNVGY) late on Wednesday announced results for its first fiscal quarter ended June 30, 2015. Buried in that same release the world's No. 1 PC maker disclosed plans to reduce its global non-manufacturing workforce by 3,200 people.

The figure is about 10 percent of non-manufacturing headcount and about 5 percent of Lenovo's total population of around 60,000 people.

The company will incur restructuring costs of approximately $600 million and additional spending to clear smartphone inventory of approximately $300 million.

The Chinese tech giant, which operates its North American corporate headquarters in Morrisville, NC, says the effort will reduce expenses by about $650 million in the second half of this year and about $1.35 billion on an annual basis.

As far as Lenovo's finances are concerned, its quarterly revenue was US$10.7 billion, a three percent increase year-over-year as Lenovo grew its PC market share in all geographies for record high 20.6 percent share. Challenges abound, Lenovo saw significant declines in the global PC and tablet markets, as well as slowing growth and increasing competition – especially in China – in smartphones.

The layoffs come "in the face of financial results that did not meet expectations," according to the company's release. "Lenovo is undertaking broad, decisive actions."

It is not yet clear how many of the 3,200 global non-manufacturing jobs marked for cuts will be from their Morrisville headquarters; Lenovo is one of the largest employers in the Research Triangle.