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.
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July 16 2018 @ 18:55:06 UTC