Motorola Laying Off 3,000, Delaying Cell Division Split
Motorola will delay its plan to break up into two companies — cellphones and infrastructure — primarily because of “the macro-economic environment” and unstable financial markets. (InformationWeek)
It also plans to lay off 3,000 employees, mostly from the cellphone division. The company hopes to generate $800 million in cost savings in 2009, $600 million of which coming from the cellular division, where two-thirds of the job cuts will come.
Motorola will also reduce the number of operating systems it supports to just two: Windows Mobile and Google’s open-source Android platform.
Sources: (InformationWeek, Silicon Alley Insider, InfoWorld)
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