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- 05-30-2007, 04:14 PM #1John NavasGuest
<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]
› See More: NEWS: Motorola to cut an additional 4,000 workers
- 05-30-2007, 04:51 PM #2anonGuest
Re: NEWS: Motorola to cut an additional 4,000 workers
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
>
- 05-30-2007, 04:58 PM #3Andreas WenzelGuest
Re: NEWS: Motorola to cut an additional 4,000 workers
John Navas schrieb:
> [...] the company expects to achieve another
> $600 million in annualized cost savings in 2008.
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!
Andreas
- 05-30-2007, 05:43 PM #4B. PegGuest
Re: Motorola to cut an additional 4,000 workers
> "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.
Wunnerful.
B~
- 05-30-2007, 06:13 PM #5LarryGuest
Re: NEWS: Motorola to cut an additional 4,000 workers
Andreas Wenzel <[email protected]> wrote in news:[email protected]:
> 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!
>
www.dilbert.com
Corporate thinking at its finest....(c;
Larry
--
Grade School Physics Factoid:
A building cannot freefall into its own footprint without
skilled demolition.
- 05-30-2007, 07:05 PM #6SMSGuest
Re: NEWS: Motorola to cut an additional 4,000 workers
[email protected] wrote:
> Betcha Maoists won't see any cuts, US citizens bye-bye...JG
You'd be hard-pressed to find any Maoists in China. They're as
capitalistic as we are.
- 05-30-2007, 09:56 PM #7Anon E. MussGuest
Re: NEWS: Motorola to cut an additional 4,000 workers
rOn 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]
No surprise.
Nokia and RIM are kicking the snot out of Motorola when it comes to
making exceptional handsets.
They keep rehashing the RAZR which is sooooo 2006. They think they
has stick 3G on a RAZR and make it cool for 2007.
- 05-31-2007, 01:00 PM #8Andreas WenzelGuest
Re: NEWS: Motorola to cut an additional 4,000 workers
Larry schrieb:
> [...]
> www.dilbert.com
>
> Corporate thinking at its finest....(c;
Definitely!
- 05-31-2007, 01:06 PM #9Andreas WenzelGuest
Re: NEWS: Motorola to cut an additional 4,000 workers
SMS schrieb:
> [...] When sales are going badly, they need
> to expend more resources on sales and marketing, as well as on new designs.
Yes, Moto seems to have done that now. The problem is that creating a
new product takes about as it takes for a freshly released device to
become outdated (which makes the RAZR some kind of zombie by now). So if
you're making mobile device, you cannot rest once you have a good
product. Hopefully Moto will learn that some day.
> 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.
Sad but true,
Andreas
- 05-31-2007, 02:08 PM #10Thomas AdamsGuest
Re: NEWS: Motorola to cut an additional 4,000 workers
Anon E. Muss <[email protected]> wrote:
> Nokia and RIM are kicking the snot out of Motorola when it comes to
> making exceptional handsets.
>
> They keep rehashing the RAZR which is sooooo 2006. They think they
> has stick 3G on a RAZR and make it cool for 2007.
They should use the PEBL's hull for new phones. It's so beautiful and
cute.
--
<insert witty comment here>
- 05-31-2007, 11:30 PM #11SMSGuest
Re: NEWS: Motorola to cut an additional 4,000 workers
Andreas Wenzel wrote:
> SMS schrieb:
>> [...] When sales are going badly, they need to expend more resources
>> on sales and marketing, as well as on new designs.
>
> Yes, Moto seems to have done that now. The problem is that creating a
> new product takes about as it takes for a freshly released device to
> become outdated (which makes the RAZR some kind of zombie by now). So if
> you're making mobile device, you cannot rest once you have a good
> product. Hopefully Moto will learn that some day.
Unlikely. I've worked for a company like them, where we'd stumble onto
some huge market, almost by accident, milk it to death, and never do
follow up products. Then we'd stumble onto something else by accident
and repeat the same mistakes.
- 06-01-2007, 05:32 AM #12GeorgeGuest
Re: NEWS: Motorola to cut an additional 4,000 workers
SMS wrote:
> Andreas Wenzel wrote:
>> SMS schrieb:
>>> [...] When sales are going badly, they need to expend more resources
>>> on sales and marketing, as well as on new designs.
>>
>> Yes, Moto seems to have done that now. The problem is that creating a
>> new product takes about as it takes for a freshly released device to
>> become outdated (which makes the RAZR some kind of zombie by now). So
>> if you're making mobile device, you cannot rest once you have a good
>> product. Hopefully Moto will learn that some day.
>
> Unlikely. I've worked for a company like them, where we'd stumble onto
> some huge market, almost by accident, milk it to death, and never do
> follow up products. Then we'd stumble onto something else by accident
> and repeat the same mistakes.
Pretty much, before I worked in corporate America I used to think it was
managed by real geniuses like the various characters you would read
about whose companies are often named for them. Then you get a
responsible job where you actually see how things work and shake your head.
- 06-01-2007, 05:37 AM #13GeorgeGuest
Re: Motorola to cut an additional 4,000 workers
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.
>
> Wunnerful.
>
> B~
>
>
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.
- 06-01-2007, 09:29 AM #14SMSGuest
Re: NEWS: Motorola to cut an additional 4,000 workers
George wrote:
>> Unlikely. I've worked for a company like them, where we'd stumble onto
>> some huge market, almost by accident, milk it to death, and never do
>> follow up products. Then we'd stumble onto something else by accident
>> and repeat the same mistakes.
>
> Pretty much, before I worked in corporate America I used to think it was
> managed by real geniuses like the various characters you would read
> about whose companies are often named for them. Then you get a
> responsible job where you actually see how things work and shake your head.
One place I worked, we lucked into a situation where we were a big
manufacturer of a line of commodity components that were in very short
supply. The prices went through the roof, and we were raking it in. We
were using the shortage to "encourage" customers to buy other products
of ours that were not in shortage, in order for them to get a supply of
the shortage products. We screwed over long time customers by diverting
supplies to others. I remember having to sneak in a side door of a
customer with our sales person, for a meeting, because the salesperson
said that if the purchasing manager saw him we'd be thrown out for what
we did to them.
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.
- 06-01-2007, 02:47 PM #15SMSGuest
Re: NEWS: Motorola to cut an additional 4,000 workers
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.
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