Feeds

Motorola spends $216m on money-saving job cuts

You've got to spend a lot to save a little

Providing a secure and efficient Helpdesk

Motorola has informed the Securities & Exchange Commission that it will be spending an additional $110m laying off staff in the first quarter of 2009, bringing the total to $216m.

The filing explains that since the last filing, at the end of January, the company has approved 2,800 "workforce reductions". These will cost it $110m in severance, plus another $13m in broken contracts with other businesses, in the continuing effort to cut $1.5bn from the annual running costs.

That brings the total cost of the cuts to $229m, the vast majority of which is expected to be paid out in the first quarter of 2009.

Motorola's handset business is in freefall, the firm having failed to find a buyer or even effectively parcel it up for sale. The sad thing is that if you ignore the handset side, then the company is doing pretty well providing infrastructure to network operators around the world.

We'd love to tell you more about what's going on inside the handset division, but our contacts within the company have been deserting the business like jet-ski-equipped rats. ®

Protecting against web application threats using SSL

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
'Serious flaws in the Vertigan report' says broadband boffin
Report 'fails reality test' , is 'simply wrong' and offers ''convenient' justification for FTTN says Rod Tucker
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
Apple Watch will CONQUER smartwatch world – analysts
After Applelocalypse, other wristputers will get stuck in
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.