To be honest, we were surprised that we didn't hear this number along with the other doom and gloom professed during Motorola's
Q3 earnings call, but the writing was
very clearly on the wall. As part of the mentioned $800 million expenditure cut planned for 2009, 3,000 (
more) of Moto's employees will be looking for work elsewhere. According to an unnamed spokeswoman, a "little over two-thirds of those layoffs [will be] in the handset division." And just think -- if Moto would only use all those hands to get an Android-powered phone out before "entirely too long from now," maybe these cuts wouldn't even be necessary. Maybe.
Tags: breaking news, BreakingNews, economic crisis, EconomicCrisis, economy, layoffs, motorola
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Comments
1
Subscribe to commentsFalconNov 4th 2008 6:35AM
Maybe Motorola should learn how to MAKE money instead of trying to SAVE it. Cost Cutting (layoffs) is supposed to be a short term way to defray unexpected costs, not a long term corporate strategy.
One wonders just how much more Motorola is there left to cut?