Motorola Mobility is cutting 1200 staff members, in addition to a reduction of 4000 staffers it announced in August, in order to focus on high-end devices.
“These cuts are a continuation of the reductions we announced last summer,” said Motorola spokesperson Katie Dove in an email. “It’s obviously very hard for the employees concerned, and we are committed to helping them through this difficult transition.”
Motorola’s mobile business has been overwhelmed in the smartphone market by larger players such as Samsung Electronics, Apple, Sony, Huawei Technologies, and ZTE. Samsung, the largest smartphone maker in the fourth quarter, like Motorola makes phones using Google’s Android operating system.
The revenue of Motorola’s mobile business as a result of knocks in the market was US$1.51 billion, or 11 percent of parent Google’s consolidated revenue in the fourth quarter of 2012. It also had an operating loss of $353 million in the quarter. Apple in contrast posted revenue of $54.5 billion and net profit of $13 billion in the quarter ended Dec. 29.
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Source: FULL ARTICLE at PCWorld
