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

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