NEWS: Motorola to cut an additional 4,000 workers

On Wed, 30 May 2007 22:14:59 GMT, John Navas
<[email protected]> wrote:

><http://www.chicagotribune.com/business/chi-070530motorola,0,3061785.story?coll=chi-business-hed>
>
> Communications-equipment giant Motorola Inc. said late Wednesday that
> it plans to trim an additional 4,000 workers from its payroll as part
> of a new plan to cut annual costs by $600 million.
>
> The Schaumburg-based company had disclosed in January that it
> intended to cut 3,500 workers, in order to generate annual savings of
> $400 million. On Wednesday, Motorola said the 3,500-person workforce
> reduction "will be completed on schedule by June 30."
>
> But in addition, the company said, "after a comprehensive business
> review" by senior managers, the company expects to achieve another
> $600 million in annualized cost savings in 2008.
>
> [MORE]


IBM to lay off 1,500 more, Dell to lay off 4,000 more.

Yup the Bush economy is doing great. NOT

---

› See More: NEWS: Motorola to cut an additional 4,000 workers

In article <[email protected]>,
SMS <[email protected]> wrote:

> Elmo P. Shagnasty wrote:
>
> >> The really bad thing was that the president of the company got a huge
> >> bonus for "turning the company around" based on the short term benefits
> >> of high commodity prices, wrote a book on corporate turnarounds, and
> >> then left to destroy another company. The person that followed him as
> >> president had to clean up his mess. His vice presidents moved to other
> >> companies to destroy.
> >
> > The story of Xerox.
>
> I did work for a division of Xerox for a couple of years (Diablo) but
> this wasn't the company I was referring to.
>
> Let's just say that the company that this guy almost destroyed, after he
> left the company I worked for, is now doing extremely well. He had no
> hand in the turnaround, but he claims credit for it nonetheless. Of
> course he wrote another book about how great he was.

Good reason to not work for any of these places.

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On Fri, 01 Jun 2007 07:37:24 -0400, George <[email protected]> wrote
in <[email protected]>:

>B. Peg wrote:
>>> "John Navas" wrote:
>>> Communications-equipment giant Motorola Inc. said late Wednesday that
>>> it plans to trim an additional 4,000 workers from its payroll as part
>>> of a new plan to cut annual costs by $600 million.
>>
>> Then the CEO will get a $250 million bonus for cutting U.S. jobs and pension
>> plans and sending the work offshore. The foreign stockholders will rejoice
>> too.
>>
>> Meanwhile, the displaced Motorola workers will need to learn to speak
>> Spanish else they won't be able to re-enter the workforce since they are not
>> bilingual.

>But purchasers had a vote too. It seems "cheep-cheep-cheep" is the most
>important thing when purchasing something. If purchasers buy at Walmart
>or "cheep-cheep-cheep" is important then they nodded their heads in
>agreement that companies should do what is necessary to facilitate that.

"Yep, son, we have met the enemy and he is us." -Pogo

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Would you rather Motorola went out of business? How would that be
better?

On Wed, 30 May 2007 15:51:36 -0700, "anon" <[email protected]> wrote
in <[email protected]>:

>This makes me sorry I just bought 2 of their products. These will the the
>last Moto products I buy.
>
><[email protected]> wrote in message
>news:[email protected]...
>> On May 30, 5:14 pm, John Navas <[email protected]> wrote:
>>> <http://www.chicagotribune.com/business/chi-070530motorola,0,3061785.s...>
>>>
>>> Communications-equipment giant Motorola Inc. said late Wednesday that
>>> it plans to trim an additional 4,000 workers from its payroll as part
>>> of a new plan to cut annual costs by $600 million.
>>>
>>> The Schaumburg-based company had disclosed in January that it
>>> intended to cut 3,500 workers, in order to generate annual savings of
>>> $400 million. On Wednesday, Motorola said the 3,500-person workforce
>>> reduction "will be completed on schedule by June 30."
>>>
>>> But in addition, the company said, "after a comprehensive business
>>> review" by senior managers, the company expects to achieve another
>>> $600 million in annualized cost savings in 2008.
>>>
>>> [MORE]
>>
>> Betcha Maoists won't see any cuts, US citizens bye-bye...JG
>>
>

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On Jun 5, 3:31 pm, John Navas <[email protected]> wrote:
> Would you rather Motorola went out of business? How would that be
> better?
>
> On Wed, 30 May 2007 15:51:36 -0700, "anon" <[email protected]> wrote
> in <[email protected]>:
>
>
>
>
>
> >This makes me sorry I just bought 2 of their products. These will the the
> >last Moto products I buy.
>
> ><[email protected]> wrote in message
> >news:[email protected]...
> >> On May 30, 5:14 pm, John Navas <[email protected]> wrote:
> >>> <http://www.chicagotribune.com/business/chi-070530motorola,0,3061785.s...>
>
> >>> Communications-equipment giant Motorola Inc. said late Wednesday that
> >>> it plans to trim an additional 4,000 workers from its payroll as part
> >>> of a new plan to cut annual costs by $600 million.
>
> >>> The Schaumburg-based company had disclosed in January that it
> >>> intended to cut 3,500 workers, in order to generate annual savings of
> >>> $400 million. On Wednesday, Motorola said the 3,500-person workforce
> >>> reduction "will be completed on schedule by June 30."
>
> >>> But in addition, the company said, "after a comprehensive business
> >>> review" by senior managers, the company expects to achieve another
> >>> $600 million in annualized cost savings in 2008.
>
> >>> [MORE]
>
> >> Betcha Maoists won't see any cuts, US citizens bye-bye...JG
>
> --
> Best regards, FAQ FOR CINGULAR WIRELESS:
> John Navas <http://en.wikibooks.org/wiki/Cingular_Wireless_FAQ>- Hide quoted text -
>
> - Show quoted text -

Far from being on the edge of bankruptcy, this is more corporate
terrorism, trying to scare the survivors into 100 hour work weeks and
moving the jobs to Mao...JG

On Tue, 05 Jun 2007 14:39:49 -0700, [email protected] wrote in
<[email protected]>:

>On Jun 5, 3:31 pm, John Navas <[email protected]> wrote:

>> Would you rather Motorola went out of business? How would that be
>> better?

>Far from being on the edge of bankruptcy, this is more corporate
>terrorism, trying to scare the survivors into 100 hour work weeks and
>moving the jobs to Mao...JG

Motorola has in fact suffered severe reverses, and has no choice but to
cut costs and get back on track.

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[email protected] wrote:

> Far from being on the edge of bankruptcy, this is more corporate
> terrorism, trying to scare the survivors into 100 hour work weeks and
> moving the jobs to Mao...JG

Public companies that don't post increased revenue and profits quarter
after quarter get dinged by Wall Street, and investors dump the stock,
and the stock options of the executives are worth less. For better or
for worse, this is the system.

Dumping employees is a short-term solution to decreasing costs. Of
course eventually, if things turn around, you need more employees again.

The margins on handsets suck, and you've got a bunch of ODMs out there
that have decided to get into the business, some of them producing very
good handsets.

John Navas wrote:
> Would you rather Motorola went out of business? How would that be
> better?

I'd rather enjoy it - its not like Motorola *innovates* with their
cellular products. They simply market cheap crap to cellnoobs that
don't know any better.

At least it'd make Motorola Canopy go away. That crap SUCKS! Slower
than moleasses, expensive as hell, deaf as a doornail, and wastes
oodles of spectrum while doing it.

Go Die, Moto.

BS

In article <[email protected]>,
"[email protected]" <[email protected]> wrote:

> John Navas wrote:
> > Would you rather Motorola went out of business? How would that be
> > better?
>
> I'd rather enjoy it - its not like Motorola *innovates* with their
> cellular products. They simply market cheap crap to cellnoobs that
> don't know any better.
>
> At least it'd make Motorola Canopy go away. That crap SUCKS! Slower
> than moleasses, expensive as hell, deaf as a doornail, and wastes
> oodles of spectrum while doing it.
>
> Go Die, Moto.
>
> BS

Motorola had their day, too bad they blew it with the current crap.

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On Wed, 06 Jun 2007 19:20:09 -0500, "[email protected]"
<[email protected]> wrote in
<[email protected]>:

>John Navas wrote:
>> Would you rather Motorola went out of business? How would that be
>> better?
>
>I'd rather enjoy it - its not like Motorola *innovates* with their
>cellular products. They simply market cheap crap to cellnoobs that
>don't know any better.

In fact Motorola is a recognized innovator.

>At least it'd make Motorola Canopy go away. That crap SUCKS! Slower
>than moleasses, expensive as hell, deaf as a doornail, and wastes
>oodles of spectrum while doing it.

Then just ignore it. Leave it to those that like it.

>Go Die, Moto.

Your agenda is showing.

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Kurt wrote:
> In article <[email protected]>,
> "[email protected]" <[email protected]> wrote:
>
> Motorola had their day, too bad they blew it with the current crap.

Yep. Their older gear makes great ham/project/etc hardware. Their
newer 2-way gear is still okish, kinda... at least not as cheezy as
their cellphones and pagers.

BS

On Wed, 06 Jun 2007 08:42:29 -0700, SMS <[email protected]>
wrote in <[email protected]>:

>[email protected] wrote:
>
>> Far from being on the edge of bankruptcy, this is more corporate
>> terrorism, trying to scare the survivors into 100 hour work weeks and
>> moving the jobs to Mao...JG
>
>Public companies that don't post increased revenue and profits quarter
>after quarter get dinged by Wall Street, and investors dump the stock,
>and the stock options of the executives are worth less. For better or
>for worse, this is the system.

Low stock price actually has far more important consequences than that.
Try getting your business information from better sources than so-called
consumer action groups.

>Dumping employees is a short-term solution to decreasing costs. Of
>course eventually, if things turn around, you need more employees again.

What matters is the labor content in products and overall revenue, so
that actually makes perfect sense, in large part because employees
aren't fungible.

>The margins on handsets suck, and you've got a bunch of ODMs out there
>that have decided to get into the business, some of them producing very
>good handsets.

The margins for those that control costs properly are actually good.
Part of why Moto is in some trouble is that it hasn't been controlling
costs properly. Hence the need to cut labor costs.

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On Fri, 01 Jun 2007 13:47:25 -0700, SMS <[email protected]>
wrote in <[email protected]>:

>Elmo P. Shagnasty wrote:
>
>>> The really bad thing was that the president of the company got a huge
>>> bonus for "turning the company around" based on the short term benefits
>>> of high commodity prices, wrote a book on corporate turnarounds, and
>>> then left to destroy another company. The person that followed him as
>>> president had to clean up his mess. His vice presidents moved to other
>>> companies to destroy.
>>
>> The story of Xerox.
>
>I did work for a division of Xerox for a couple of years (Diablo) but
>this wasn't the company I was referring to.
>
>Let's just say that the company that this guy almost destroyed, after he
>left the company I worked for, is now doing extremely well. He had no
>hand in the turnaround, but he claims credit for it nonetheless. Of
>course he wrote another book about how great he was.

The Six Phases of Any Project:
1. Optimism and enthusiasm.
2. Disillusionment.
3. Panic.
4. Search for the guilty.
5. Punishment of the innocent.
6. Reward and honor for the undeserving.

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On Wed, 30 May 2007 18:04:44 -0700, SMS <[email protected]>
wrote in <[email protected]>:

>Andreas Wenzel wrote:
>
>> Hm, why don't they simply cease production alltogether? No products - no
>> need for R&D, marketing and sales, imagine the savings!!! No more cost
>> AT ALL!

>LOL, it's when sales are going good that they don't need so many sales,
>marketing, and design resources. When sales are going badly, they need
>to expend more resources on sales and marketing, as well as on new designs.
>
>Unfortunately Wall Street expects cost savings from job cuts whenever a
>public company has some bad quarters. It's an easy, if short-sighted way
>to achieve quick cost savings.

In fact it's the right thing to do -- continuing to carry excess costs
is a sure sign of management asleep at the controls.

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