Motorola to layoff 400 more employees before year-end
In an earlier statement, Motorola has said that it will layoff 1,500 employees during the fourth quarter of 2008. With this change, the number is now up to 1,900, but the overall total number of layoffs will remain unchanged at 3,000. It appears the company had to do it earlier than expected to save $800 million in 2009.
Motorola’s mobile devices segment will be the one taking the biggest damage from this round of layoffs. But all of its other business segments will be affected by these ongoing plans as well.