The big M is slimming down. While they had previously cut 4,000 jobs, Reuters is reporting that the employees at Motorola may be facing additional layoffs. The company could be cutting up to another 7,500 jobs. This was brought on by the second quarterly loss in a row, and severe price competition.
As a result Motorola will up to 7,500 jobs, or about 11 percent of its workforce by the end of 2007. And to add to Motorola’s woes, analysts are saying that the company has lost its place as the world’s second-biggest mobile phone maker to Samsung Electronics.
Mr. Zander is not the problem at Motorola. He has made significant improvement in a cantakerous bureaucracy, while fighting off a vulture in Icahn. What’s needed at Motorola is more of what Zander did in his first 12 months – and definitely not a return to the old (failing) Motorola or the draconian proposals of Icahn. Read more at http://www.ThePhoenixPrinciple.com