3,500 to go in Motorola jobs cull (BBC)

[eppur_se_muova]

Motorola, the world's number two mobile phone maker, will shed 3,500 jobs in an effort to stem falling profits.

Chief Executive Ed Zander revealed the job cuts after profits at Motorola almost halved in the three months to the end of 2006.

Fourth quarter profits tumbled 48% to $624m (£316m; 482m euros) from $1.2bn at the same time last year.

The fall in profits reflects price cuts in mobile phone prices and tougher competition among premium products.

Illinois-based Motorola has 23% of the global mobile phone market, but lags behind Finland's Nokia.
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more: http://news.bbc.co.uk/2/hi/business/6279499.stm

[partylessinOhio]

1. Easy money no more for these companies. Perhaps their damn phones

were over priced and their execs overpaid?

[Old Smokey]

2. 624 mil in profits just isn't enough for these greedy CEO's.

Just layoff and fire working people so the CEO's can put some more money in thier ass pockets.

[no_hypocrisy]

3. How many Indians will be losing their jobs as a result? n/t

[JCMach1]

4. Perhaps this is the reason...

Motorola Signs 10-Year, $1.6B Outsourcing Pact

Motorola (NYSE: MOT) Latest News about Motorola has signed a 10-year global IT infrastructure outsourcing Latest News about Outsourcing pact worth US$1.6 billion with Computer Sciences Corporation (NYSE: CSC), the largest such agreement in Motorola's history and a healthy sign for the outsourcing business.

"Outsourcing has been on the rise for the past 12 months, and it is continuing to gain momentum," Yankee Group senior analyst Carrie Lewis told the E-Commerce Times.

Under the agreement, which becomes effective May 1st, CSC will manage Motorola's mid-range, desktop and distributed computing infrastructure worldwide, including data Free Trial - Way Beyond CRM – Learn how Landslide can help you. centers. It also will handle Motorola's global IT help desk Latest News about help desk and network infrastructure functions... http://www.technewsworld.com/story/21114.html