Motorola to lay off 4,000 starting immediately
Posted in: breaking news, BreakingNews, moto, motorola, Today's Chili
It’s official: Moto’s pulling out the axe. The beleaguered manufacturer is no stranger to financial struggles at this point — nor layoffs, for that matter — but the latest round cuts some 6 percent of employees from Moto’s global operations, and 3,000 of the 4,000 will come directly from the handset division. The news comes along with a preliminary fourth quarter earnings estimate of a 7 to 8 cent per share loss (which isn’t really “earnings” when you think about it), so yeah, it’s business as usual out in Schaumburg: get lean and start making awesome products. Soon, Moto. Please.
[Via Boy Genius Report]
Filed under: Cellphones, Handhelds
Motorola to lay off 4,000 starting immediately originally appeared on Engadget on Wed, 14 Jan 2009 17:32:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments
Post a Comment