Acer is laying off 300 employees in Europe and taking a charge of $150 million (£90 million), as the company tries to streamline operations following the departure of CEO Gianfranco Lanci in March after a conflict with the company's management.

The layoffs aim to cut costs and to meet "the market change and to face challenges ahead," Acer said. The write-off came following a discovery of abnormalities in the company's distribution channel in Europe, Middle East and Africa, that was revealed through an investigation conducted after Lanci's departure, it added.