Printed from http://www.electronista.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 Electronista Staff
toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News