February 16, 2009

Motorola Lays Off 1,000 in China

Motorola is reported to have cut 1,000 jobs from its Chinese R&D facility, leaving only about 100 employees at its Wangjing offices. The company hasn’t confirmed the number of employees that were laid off, although a spokesperson for Motorola announced that there had been job cuts.

The spokesperson noted that, “According to Motorola’s financial results for the fourth quarter of last year, the company dismissed 4,000 employees worldwide, including 3,000 employees from the mobile phone unit. But that is a global figure, and we do not have specific figures for China and other regions.”

Source: Softpedia

February 3, 2009

Motorola’s CFO leaves

“There had been a little hope they might be able to stabilize things by late 2009,” said Pacific Crest analyst James Faucette. “I think that the CFO leaving definitely raises some eyebrows as well.”

“But Motorola executives said in an interview that the departure of Paul Liska — CFO since February 2008 — was due to the delay of a plan to separate the cellphone unit rather than any financial control or reporting issues. Corporate Controller Edward Fitzpatrick was named acting CFO.”

Source: Forbes

January 14, 2009

Motorola to cut 4,000 more jobs

According to Reuters: “Motorola Inc (NYSE:MOT) will slash another 4,000 jobs, or an estimated 6 percent of its workforce, and warned that it would have a fourth-quarter loss as sales of mobile phones were weaker than expected. Analysts had been expecting a new round of job cuts at Motorola, after 6,700 employee departures in 2008.

Update 1 (1-14-2009):

  • Announces approximately 4,000 additional workforce reductions, primarily in the Mobile Devices business, according to the company press-release
  • Form 8-K possibly filed by Motorola Inc on 12-30-2008

Update 2 (1-17-2009): according to leaks from inside, Morotola to cut about 100 jobs in their office in St.Petersburg, Russia

January 3, 2009

Motorola to lay off 3,000 as part of $800M in cuts for 2009

According to Computerworld: “Motorola Inc. officials confirmed that $800 million in cuts planned for 2009 will require laying off about 3,000 workers, with a little more than two-thirds of those job cuts coming from the handset division.

About 3,000 layoffs will be made globally “across all businesses and functions” with a “little over two-thirds of these layoffs in the handset division,” a spokeswoman said in an e-mail.”

  • Layoffs primarily to come from handset division
  • Motorola had 66,000 employees at the end of 2007

December 17, 2008

Motorola To Freeze Salaries, US Pension Plan

According to Dow Jones and CNNMoney: “Motorola Inc. (MOT) said most employees won’t get pay raises next year and announced cuts to retirement plans in the latest sign of the company’s struggles to remain competitive without a product ready to compete with other high-end handsets.

The moves follow $800 million in cuts announced two months ago that include 3, 000 job cuts and putting on hold Motorola’s plans to break up the company.”

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