January 14, 2009
NEW YORK (AP) -- Mobile handset maker Motorola Inc. says it will
cut 4,000 more jobs in 2009, in addition to 3,000 it announced in
The company says the move will save about $700 million a year
starting in 2009, totaling $1.5 billion in annual savings when
combined with the previous cut.
Most of the new layoffs will hit the mobile devices business,
while about 1,000 jobs are tied to corporate functions and other
The Schaumburg, Ill.-based company also said Wednesday it
expects revenue for the fourth quarter to be between $7 billion and
$7.2 billion, as it saw continued weakness in consumer demand and
customer inventory reductions.
Analysts expected $7.5 billion in revenue.
(Copyright 2009 by The Associated Press. All Rights Reserved.)