Motorola Axes 400 More Jobs

Motorola Inc. (MOT) said late Tuesday it’s cutting 400 more jobs in the fourth quarter than it had originally planned.

The additional layoffs will cost the mobile phone maker $189 million more in charges for the quarter.

Motorola said in a Securities and Exchange Commission filing that all of its business segments, “as well as various corporate functions, are impacted by these plans.”

Motorola is having such a tough time that it, like other corporations, isn’t contributing to workers’ retirement plans, is freezing pension plans, stopping wage increases and cutting the two top execs’ salaries.

Leave a comment

Your email address will not be published. Required fields are marked *


As a budget line item, how are staff salaries trending in your company for 2019?

View Results

Loading ... Loading ...
The ID is: 77533