Just last year Motorola had to cut about 20% of the workforce to improve efficiency and remove itself from unprofitable markets. Sadly, it looks like their cuts didn't go deep enough and they are going to cut another 10%. It's hard to see this type of news as positive, because so many people are going to be losing their jobs. In fact, 1,200 people in several different markets globally will be issued their pink slips very soon. Here's a quote sharing Motorola's perspective,
Ultimately, sometimes these things must occur in business, but that doesn't dull the pain for the people losing their jobs. We can only intend that it will be worth it in the long run, and Motorola can get competitive again.In an internal email obtained by the WSJ, Moto says, "while we're very optimistic about the new products in our pipeline, we still face challenges," adding "our costs are too high, we're operating in markets where we're not competitive and we're losing money."
A Moto spokesperson is quoted in the journal as saying "These cuts are a continuation of the reductions we announced last summer. It's obviously very hard for the employees concerned, and we are committed to helping them through this difficult transition."