Motorola to lay off 4,000 starting immediately

It's official: Moto's pulling out the axe. The beleaguered manufacturer is no stranger to financial struggles at this point -- nor layoffs, for that matter -- but the latest round cuts some 6 percent of employees from Moto's global operations, and 3,000 of the 4,000 will come directly from the handset division. The news comes along with a preliminary fourth quarter earnings estimate of a 7 to 8 cent per share loss (which isn't really "earnings" when you think about it), so yeah, it's business as usual out in Schaumburg: get lean and start making awesome products. Soon, Moto. Please.

[Via Boy Genius Report]