Motorola Lays Off Thousands from Mobile Device Unit
Motorola announced that it is taking further steps to reduce costs and reorganize its business. As part of the reorganization, it is planning to eliminate 3,000 positions associated with the Mobile Devices business and approximately 1,000 positions associated with corporate functions and other business units. The job reductions will begin almost immediately. These layoffs, plus those already announced in December 2008, should save Motorola about $1.5 billion for the 2009 fiscal year. Additionally, Motorola reported its initial fourth-quarter results, which show that the company shipped about 19 million handsets with revenues ranging between $7.0 and $7.2 billion.
Lenovo Announces Layoffs, Remains 'Committed' to Motorola
Lenovo today announced a workforce reduction that will see close to 2% of the company's 55,000 employees losing their jobs. Most of the more-than-1,000 cuts impact Lenovo-owned Motorola.
Lenovo to Slash 3,200 Jobs After Motorola Sales Slide
Lenovo today said it plans to reduce its headcount by as many as 3,200, or about 10%, as it looks to reduce expenses. The company reported earnings and said sales across its various business units dropped by 9% during the quarter.
Motorola's Chicago Office to Lose 500 Jobs
Motorola has revealed the depth of job cuts being made at its Chicago headquarters and they run quite deep. The firm will eliminate 500 positions, or about 25% of its staff, as its parent firm, Lenovo, restructures amidst weak sales.
Sprint Says It Will Bring Back or Create 5,000 US Jobs
Sprint this week committed to creating 5,000 new jobs in the U.S. Some of the positions will be new, and some will be brought back from locations abroad.
Motorola a little late with a true touch screen