The mobile giant said that it may make a loss in the first quarter of this year, and will shed 2,500 US jobs over the next six months. The management team has also been reshuffled.
Motorola president Robert Growney called the performance of its wireless handset business "unacceptable", and reported a big slowdown in orders across its business lines.
However he claimed that the weakness is the result of "current industry-wide conditions and not a loss in [Motorola's] market share".
The forecast follows a number of profit warnings from US technology firms, signalling a slowdown which Growney said is "bleeding very quickly into Europe" .
Motorola slashes jobs after handset slump
Got a news tip for our journalists? Share it with us anonymously here.
Partner Content
Promoted Content
Jabra launches PanaCast U30 video bar for easier BYOD meetings
Building higher tier service offerings with cost-effective, proactive monitoring
In the memory market that AI just broke, here’s what you must do now
Cisco’s AI Rally Kit delivers high performance AI without the engineering pain
Dicker Data selects techpartner.news as exclusive media partner for TechX




