Motorola has announced plans to cut approximately 4,000 positions in 2009 in an effort to cut costs and counter the weaker demand for mobile phones as a result of the global economic downturn.
The workforce reduction includes 3,000 jobs at it mobile devices division and 1,000 positions associated with corporate functions and other business units.
This follows the 3,000 job cuts announced in the fourth quarter 2008. The company said this workforce reduction and other cost-reduction initiatives announced in December 2008, including changes to employee compensation and benefit programs as well as changes to executive compensation, are expected to generate aggregate cost savings of $1.5 billion in 2009.
The company also announced preliminary financial results for the fourth quarter 2008. It expects revenue to be in the range of $7 billion to $7.2 billion and a net loss per share from continuing operations in the range of $0.07 to $0.08.