Ailing Motorola shuffles businesses
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Motorola is realigning its business after slashing its cell-phone sales forecast. The news comes days before its
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Motorola mulls breaking up its business as it battles to recover from losses and weak sales.
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Company also will slash value of its assets by $11.4 billion. Moves are prompted by plan to retreat from traditional consumer telephone business.
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The company says it will take a charge of 50 (m) million dollars for severance benefits. Motorola is completing a spinoff of its Austin-based chip operations, now operating independently as Freescale Semiconductor.
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Motorola plans to axe 1,000 workers across a number of business units, hoping to reduce costs as it refocuses on its wireless business.
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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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About ten days after saying it was thinking about spinning off its mobile phone business, Motorola's CEO is now talking commitment with his phone business.
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InfoWorld - The day after&#160;announcing that 4,000 employees will be laid off, Motorola CEO Ed Zander told investors that he plans to boost profits with a wide range of multimedia handsets instead of relying on a single blockbuster product like the Razr cell phone.
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Motorola Inc. plans to eliminate 1,000 jobs in the spinoff of its semiconductor unit, the company said Tuesday in a filing with government regulators.
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Motorola Inc. will cut 1,000 jobs worldwide and take a charge of 50 million dollar for severance benefits as it completes the spinoff of its semiconductor division, officials said today.
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Motorola (Quote, Chart) said it would cut 1,000 jobs, a move prompted by the spinout of its Freescale Semiconductor (Quote, Chart) subsidiary.
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Motorola Inc (MOT.N), the world's No. 3 mobile phone maker, said on Thursday it would explore strategic alternatives including a possible separation of its mobile devices business from its other units.
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In an extraordinary public admission Thursday afternoon, Motorola CEO Greg Brown issued a statement saying his company is indeed considering ways to restructure its mobile devices and services business.
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Motorola Inc.  warned investors of a second-quarter loss on Wednesday and said it no longer expected its mobile phone business to be profitable this year, blaming weak sales in Asia and Europe.
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Hit hard by slowing cell-phone sales, Motorola names a new mobile chief, splits into three divisions.
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Motorola, the world&#39;s second largest mobile phone maker, is cutting 1,000 jobs although its core cellphone business will be unaffected.
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The world's top chip maker reorganized its corporate  structure, introducing new businesses focused on mobile  electronics, corporations and homes and eliminating a  money-losing group centered on communications.