RSS icon

Top Stories

Motorola Eliminates Additional 4,000 jobs

January 14, 2009
Related Topics: Downsizing, Termination, Latest News
Reprints
Motorola Inc. is cutting an additional 4,000 jobs, including 3,000 in its struggling mobile-phone business, as its financial outlook darkens. The layoffs will begin immediately, the company said Wednesday, January 14.

Analysts have long predicted that Motorola would have to drastically cut jobs because its phone sales have tumbled. The company announced in October that it would cut 3,000 jobs, including 2,000 in mobile devices.

The company said it now expects fourth-quarter revenue of about $7.1 billion, compared with the $7.5 billion analysts were forecasting. Motorola will lose 1 to 2 cents per share, excluding charges, the company said. Analysts were expecting earnings of 3 cents per share, according to Thomson FirstCall.

(For more, read "Motorola Puts DB Plans, 401(k) Match on Hold.")

Filed by John Pletz of Crain’s Chicago Business, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.

Workforce Management’s online news feed is now available via Twitter.

Comments powered by Disqus

Hr Jobs

Loading
View All Job Listings