Motorola Mobility to cut 4,000 jobs in restructuring
Mobile phone maker Motorola Mobility is to cut 4,000 staff worldwide as part of efforts to return to profitability.
This job losses are the equivalent of 20% of its workforce.
The firm, bought by Google last year, said it planned to close or merge about one third of its 90 facilities which include offices and factories.
US-based Motorola also announced a shift in emphasis away from low-cost non-smartphones to "more innovative and profitable devices".
Two-thirds of the jobs will go outside of the US, Google said. It expects the cost of severance packages to be $275m.
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
RFK Jr. Appoinment Rocks the World of the Federal Health Agncies and The Big Pharma Profits!
The Appointment by Trump as Secretary of HHS has sent shockwaves through the federal government…See More
Somewhere in California.
Tom Waites and Iggy Pop meet in a midnight diner in Jim Jarmusch's 2003 film Coffee and Cigarettes.
Whatever Happened?
Whatever Happened? The unsung heroes will go about their dayRegardless of the welcome they've…See More
"cheeki kea Nice work! Thank you! "
"Chin up folks, once the low hanging fruit gets picked off a clearer view will reveal the higher…"
"Your right LP it's insane for sure and hopefully improbable, keeping an open mind. Checking…"
"The white dude in the center is Bill Gates!!! "
"How can this scoundrel walk free? Because he's just one of the many similar ones."
"This insane. As if there was a extra-terrestrial enemy who wants to destroy us all."
© 2024 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network