toggle

AAPL Stock: 111.2 ( -1.56 )

Printed from http://www.macnn.com

Motorola to cut 800 jobs after tough results

updated 09:20 pm EDT, Fri October 28, 2011

Motorola drops jobs to stem losses

Motorola in a filing on Friday said it was cutting 800 jobs in the wake of its poor summer results. The company didn't outline which divisions had been affected. It stressed that the cuts weren't related to Google's proposed acquisition of the company and were just to trim expenses.

The company "continues to focus on improving its financial performance by taking actions to manage the company's costs," spokeswoman Jennifer Weyrauch-Erickson said.

Cutting the positions was expected to cost a total of $31 million before it would produce savings.

While Motorola's losses weren't significantly worse than a year ago, they came after sales at its most important divisions fell short. Along with shipping just 400,000 more smartphones compared to the spring, its Xoom shipments fell to just 100,000 units, less than half the tablets it managed in its truncated launch quarter.




by MacNN Staff

toggle

Comments

Login Here

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

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

toggle

Most Commented