Motorola to cut 4,000 more jobs in 2009

By
January 15, 2009 00:29

Mobile handset maker Motorola Inc. says it will cut 4,000 more jobs in 2009, in addition to 3,000 it announced in December. The company says the move will save about $700 million a year starting in 2009, totaling $1.5 billion in annual savings when combined with the previous cut. Most of the new layoffs will hit the mobile devices business, while about 1,000 jobs are tied to corporate functions and other business units. The Schaumburg, Illinois-based company also said Wednesday it expects revenue for the fourth quarter to be between $7 billion and $7.2 billion, as it saw continued weakness in consumer demand and customer inventory reductions. Analysts expected $7.5 billion in revenue.


Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS

Israel Weather
  • 15 - 30
    Beer Sheva
    18 - 25
    Tel Aviv - Yafo
  • 15 - 26
    Jerusalem
    16 - 25
    Haifa
  • 20 - 36
    Elat
    17 - 32
    Tiberias