According to an email acquired by the Wall Street Journal, Motorola will be laying off 10% of their workforce. The email says "while we're very optimistic about the new projects in our pipeline, we still face challenges."
Motorola are forced to make the cuts due to high costs and losses in a very competitive market. A spokesperson told the WSJ: These cuts are a continuation of the reductions we announced last summer. It's obviously very hard for the employees concerned and we're committed to helping them through this difficult transition."
The 10% cut will see around 1200 employees laid off, but we should see Motorola begin to turn themselves around with Google behind them now. I'd bet that twelve months from now they'll be a completely different direction.
Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.