Motorola to Cut 3,000 Employees
Sell on the rumor, sell even more on the news? Motorola has confirmed earlier reports that it will be cutting jobs in earnest, PC World reports, saying late Friday that $800 million in cuts planned for 2009 will require laying off about 3,000 workers.
A spokesperson said in the article that of the company’s current tally of 66,000 employees, about 3,000 layoffs will be made globally “across all businesses and functions” with a “little over two-thirds of these layoffs in the handset division.”
Ellen
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