| Motorola Plans Additional 4,000 Layoffs, Bets on New RAZR 2007-06-01 04:34:00 Big job cuts at Motorola in effort to return to profitabilityMotorola, Inc. today revealed that it is already on target to for its workforce reduction of 3500 by June 30 and is on track to achieve the $400 million in annualized cost savings that it announced in January. That?s not the end of the job slashings, however, as the company says that another 4000 layoffs ? more than 6 percent of its workforce ? are on the way. The 4000 addition job cuts, along with prioritization of investments, discretionary-spending and expense controls, are expected to net Motorola another $600 million in annualized cost savings in 2008. "Long-term, sustainable profitability is and always has been Motorola's top priority," said Tom Meredith, chief financial officer, Motorola, Inc. "Today's actions are an update to the commitment we made during our first-quarter earnings conference call -- to drive out additional costs -- and a continuation of the plan we announced in January. We are confident that th |