Motorola Cuts 1,000 Jobs
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The layoffs come as Motorola completes the spinoff of its semiconductor division. Also: Akimbo Systems signs a deal for content from Time Warner's Turner Broadcasting System & hellip;. PalmSource introduces a smart phone operating system & hellip;. and more.
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Although Motorola Inc. announced it is cutting 1,000 jobs at its facilities worldwide, Chandler economic development officials Tuesday said the city should not see a negative impact at the company&#39;s two sites.
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With a view to focusing on its wireless business, Motorola Inc. said it plans to slash 1,000 jobs, or 1 percent of its staff, and absorb charges of about $50 million.
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Citigroup Inc. C.N on Friday said it  is cutting jobs in its corporate and investment bank to save  money, and a person familiar with the decision said more than  1,000 positions may be lost.
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BOSTON -- IBM Corp. laid off 1,570 people Wednesday, primarily from an ongoing overhaul of operations in its giant technology services unit.
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Motorola Inc. , the world&#39;s  second-biggest mobile phone maker, said it expects to cut an  additional 4,000 jobs, bringing the total to 7,500 this year,  as it works to reduce costs to return to profit.
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Motorola Inc. , the world's second-biggest mobile phone maker, said it expects to cut an additional 4,000 jobs, bringing the total to 7,500 this year, as it works to reduce costs to return to profit.
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Morgan Stanley  is cutting about 1,000 jobs in the coming week, part of efforts to trim costs ahead of what it expects will be a tougher business environment, a person briefed on the moves said on Thursday.
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Motorola Inc. , which has  warned that it will post a second quarterly loss in a row,  announced a business reorganization on Tuesday that one analyst  said could help the mobile phone maker cut costs.
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Motorola Inc. will cut 1,000 jobs worldwide and take a charge of $50 million for severance benefits, officials said Tuesday.
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Hershey co.  on Thursday said it would cut about 1,500 jobs and reduce the number of production lines it operates by more than a third as it tries to streamline manufacturing to improve profits.
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Insurance firm Royal & Sun Alliance says it is cutting 1,100 jobs in the UK and moving the posts to India.
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Motorola Inc. said Wednesday it would lay off 4,000 more workers as the Illinois-based company works to improve its financials.
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STOCKHOLM, Sweden -- Wireless equipment maker LM Ericsson AB reported a sharp drop in fourth-quarter net profits and said Friday it would lay off around 1,000 employees in Sweden because of costs cuts.
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Motorola will cut an additional 4,000 jobs as the mobile phone maker tries to cope with tough global competition.
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(InfoWorld) - A troubled Motorola has realigned itself as its criticalÂ cell-phone business slows down. The company sketched out the reorganization in a U.S. Securities and Exchange Commission filing Tuesday, two days before it is set to announce its second-quarter financial results. Last week, Motorola slashed its earlier revenue forecast for the quarter and predicted a larger loss, blaming lower phone sales. It also named a new chief of its mobile unit, Stu Reed. Other recent changes in the executive ranks have also rocked the company. Motorola is now split into three divisions: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. The company is moving its Good Technology mobile e-mail software business from the Mobile Devices division into Enterprise Mobility Solutions. Its carrier equipment business has been combined with home broadband products in the Home and Networks Mobility segment with the new enterprise unit focusing on private network products. The Home and Networks Mobility group is responsible for set-top boxes and digital video systems for carriers, home DSL and cable modems, and wired and wireless broadband network gear. The Enterprise group encompasses analog and digital two-way radio and other voice and data communications systems for government, businesses and Motorola's large public safety customer base. Good Technology, whichÂ Motorola acquiredÂ in a deal completed in February, is a mobile messaging platform with enterprise features like centralized lockdown of unwanted applications on the phone. It competes against Research in Motion's BlackBerry system and Nokia's Intellisync technology. After the rousing success of the slim Razr handset, which started out as a premium-priced bauble and quickly became a mass-market commodity, Motorola has had trouble coming out with an encore. A Razr 2 is expected later this year. New handsets from Nokia, Samsung, and LG Electronics had stolen the spotlight even before Apple's iPhone, which debuted June 29, became the talk of the industry. Meanwhile, sales for all makers have stagnated in higher-priced markets like North America and Europe while rising in lower-priced India and China, according to industry analysts. Last Wednesday, Motorola said it expected to report 35 million to 36 million handset sales in the second quarter, down from 45.5 million in the previous quarter. Its revenue forecast dropped from $9.4 billion to between $8.6 billion and $8.7 billion. The company now expects to lose between $0.02 and $0.04 in the quarter.
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Stepping up an overhaul of its big technology services business, high-tech conglomerate IBM Corp. yesterday notified 1,570 employees worldwide that their jobs are being eliminated.