Around 4,000 jobs, or about 6 percent of its workforce, is being targeted by Motorola executives, to be cut this year.
Motorola said 3,000 jobs would be eliminated from its handset unit, while another 1,000 jobs would be cut from the rest of the company.
The actions we are taking today in our Mobile Devices business will allow us to further reduce our cost structure and positions us for improved financial performance in 2009. Together with these actions and the announcements made in the fourth quarter, the Mobile Devices business expects to recognize annual cost savings of approximately $1.2 billion in 2009. Additionally, we are making good progress in developing important new smart phones for 2009 and are pleased with the positive response from our customers to these new devices. Sanjay Jha, co-chief executive officer of Motorola, said in a statement.
Sadly 2009 will not be good year for many employees of Motorola all over the globe.
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Just got laid off today.
Time for a new future.
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