Monday, August 13, 2012

Motorola to Cut 20% of Work Force, Part of Sweeping Change - NYTimes.com

A difficult transition for Motorola Mobility, as Google lays off 4,000 people and closes a third of Motorola Mobility's 94 worldwide offices
"It was not always this way. Motorola executives like to talk about its glory days. The company, started in 1928 in Chicago, unveiled the first commercial cellphone in 1973. By 2004, it looked as if Motorola could again lead the cellphone industry when it introduced the popular Razr.
But Apple and Samsung won consumers’ hearts with the more exciting iPhone and Galaxy phones. Motorola Mobility — which split last year from Motorola Solutions, the division that makes devices like police radios — lost $233 million in its first six weeks under Google. The phone business has been unprofitable for 14 of the last 16 quarters."
Motorola to Cut 20% of Work Force, Part of Sweeping Change - NYTimes.com
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