Motorola hastens layoff plans, axes 400 earlier than anticipated
The words "job security" and "Motorola" haven't coexisted in a non-sarcastic manner for quite some time, and things just seem to be deteriorating by the day. Not even two full months after the flagging company announced that 3,000 employees would be sent packing, a new Reuters report has it that the axing process in Q4 will be accelerated. Specifically, some 1,900 (versus 1,500 as originally predicted) will be cut in an attempt to save $800 million in 2009, though there's no word on how damaging the inevitable productivity losses will be given the markedly low morale. To no one's surprise, most of the Q4 cuts will be in the mobile devices segment; we're beginning to think Sad Moto Face™ here will never, ever vanish.
[Via UnwiredView]
