Motorola: Whacking 2,600 Workers Cost Us $104 Million (MOT)

Motorola will take a $104 million pre-tax hit in Q1 after canning 2,600 employees.

In a SEC filing, the company said severance charges would cost $113 million — about $43,000 per head — partially offset by $9 million in reversed charges from prior quarters that are no longer needed.

Shares are down 0.3% after hours after increasing 1.7% during the day, closing at $9.77.

See Also:
India’s Videocon: We Want Motorola’s mobile phone Biz
Motorola CEO Search: Ron Garriques Has A Small Fan Club
Who Should Lead Motorola’s Turnaround?

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