Motorola Laying off 4,000 More
Published: 15 January 2009
by Mike Buetow
SCHAUMBURG, IL -- Motorola will lay off an
additional 4,000 jobs, 3,000 from its hard-hit mobile-device business, as it struggles to regain its balance.
The company also said it expects December quarter sales of $7 billion and $7.2 billion, below the Wall Street consensus of $7.5 billion
The company, which laid off 3,000 workers in the fourth quarter, said the moves are among several cost-cutting measures that will save $1.2 billion annually.
The company also said it expects December quarter sales of $7 billion and $7.2 billion, below the Wall Street consensus of $7.5 billion
The company, which laid off 3,000 workers in the fourth quarter, said the moves are among several cost-cutting measures that will save $1.2 billion annually.
One analyst, Tero Kuittinen of Global Crown Capital, went so far as to say the company may depart Asia and even Europe, leaving it to concentrate on the Americas where the brand name is strongest.
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