By Allen Tsai | Thu Jan 15, 2009 9:22 am |
Motorola will slash an additional 4,000 jobs, or an estimated 6 percent of its workforce, as part of a stepped-up cost-saving move to remain competitive in a slumping global economy.
Of the latest job cuts, 3,000 will be in the Mobile Devices business and 1,000 positions in corporate functions and other business units.The move brings its cost cuts to $1.5 billion for 2009, $700 million in new savings. Motorola said it sold about 19 million handsets in the fourth quarter of 2008, short of several analysts' estimates of 22 million and above. Motorola sold 40.9 million in the fourth quarter of 2007. It cited weakness in consumer demand as well as customer inventory reductions for its poor handset sales. "The actions we are taking today in our Mobile Devices business will allow us to further reduce our cost structure and positions us for improved financial performance in 2009," said Sanjay Jha, CEO of Motorola. "Additionally, we are making good progress in developing important new smartphones for 2009 and are pleased with the positive response from our customers to these new devices." The layoffs announced today and in October would reduce its mobile phone unit's workforce by 25 percent, or 5,000 employees. In October, it announced 3,000 layoffs, with about two-thirds from the handset unit.
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Tue Feb 07, 2012 2:31 pm | By
Verizon plans to sell the Motorola Droid 4, its flagship Android 4G device, on February 10 for $200 with a two-year contract.
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Fri Feb 03, 2012 1:51 pm | By
Apple won a reprieve against a German court order banning online sales of Apple's devices, but Motorola eked out a victory that may affect future patent battles.
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Mon Jan 30, 2012 1:05 pm | By
A federal judge Friday reduced the number of patents under litigation between Apple and Motorola, but the five remaining could affect not only Motorola, but the entire Android OS.
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Fri Jan 27, 2012 2:13 pm | By
Motorola posted heavy losses due to merger costs and lagging sales, and anticipates changes in strategy once Google's buyout of the company completes.
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Thu Jan 26, 2012 12:20 pm | By
Motorola filed suit against Apple, accusing it of patent infringement, the opening shot in the long-anticipated showdown with Google over the Android OS.
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