Motorola today will be cutting an additional 4000 jobs this year, bringing the total to 7500. The company said that it is on track to save about $400 million through a previously announced workforce reduction of 3500.

A “comprehensive business review” showed that the company can save another $600 million by cutting another 4000 jobs, prioritization of investments, continuing discretionary-spending controls, general and administrative expenses and site rationalization, the firm announced today. Today’s announcement will result in additional restructuring charges of approximately $300 million, Motorola said.

For Q1 2007, the company announced revenues of $9.4 billion, down from $9.6 billion in Q1 2006 and a net loss of $181 million, compared to a profit of $686 million in the year-ago quarter.

Comments (2)