AAPL Stock: 117.81 ( -0.22 )

Printed from

Motorola moves up layoff schedule

updated 06:35 pm EST, Wed December 31, 2008

Motorola moves up lay-offs

Motorola announced it would lay off a total of 1,900 employees in the fourth-quarter, which is 400 more than it originally planned to before the end of the fiscal year, says a Tuesday report. The move is meant to save the company $800 million in 2009 and does not affect the previously announced total job elimination of 3,000 jobs, 1,100 of which will be made next year.

Before this announcement, Motorola's charges for the fourth quarter were expected to total $104 million, but the moved-up job cuts have changed that number to $189 million. The move is part of Motorola's larger cost-cutting measures that include suspending contributions to workers' retirement plans, freezing pension plans, stopping pay increases and cutting salaries of the top two executives.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented