Wednesday, January 14, 2009

Motorola to Layoff 4,000

According to a press release this afternoon Motorola is going to be laying off 4,000 people in 2009.

"Motorola will further reduce its workforce in 2009 by approximately 4,000 positions. This reduction will include approximately 3,000 positions associated with the Mobile Devices business and approximately 1,000 positions associated with corporate functions and other business units. The workforce reductions announced today are expected to begin immediately and are incremental to the 3,000 workforce reduction actions previously announced during the fourth quarter of 2008."

This will hurt Illinois unemployment rate---which was at 7.3% in October & November, 2008

No comments: