Motorola Cutting Down 3000 jobs
The world over financial recession has turned the world upside down. Many big fishes are getting caught in the recession nest. Motorola seems to be one of them as it is cutting down jobs on a large scale.
On Tuesday, Motorola Inc. announced here in San Francisco, that in the 4th quarter, it will lay off 400 more employees. The original plan was to lay off 1500 employees in the 4th quarter, which has been changed to an increment of 400, and now instead of 1500, 1900 employees will have to go home.
According to reports this change has occurred because of increased charges. The total of 3000 will remain constant. These jobs will be cut down from the handset department. Reason thereby, the revenue of handset department dropped to $3.1 billion during the last quarter, which is a hell of a loss of 31 percent. Moreover, the department’s operating loss rouse up from $248 million to $840 millions.
The sale of Motorola handsets has also seen a great decline. Its previous record sale of handsets was 37.2 million a year, which has dropped down to 25.4 millions.
Finance experts say, ‘never cut down your necessities, instead, increase your income’. But cutting down your necessities, that’s exactly what Motorola is doing. Analysts also say that once you start the necessity cutting game, you never know where to stop, whether to stop or not. Motorola has started the game, now let’s wait and watch where it ends!
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