Motorola to lay off 3,500
By Chris Ziegler 
posted Jan 20th 2007 8:04PM
posted Jan 20th 2007 8:04PM
Could the unprecedented wave of RAZR popularity finally be drawing to a close? Probably not -- CEO Ed Zander says Moto sold more of them this past quarter than ever before -- but that isn't stopping the world's number two manufacturer from tighting the belt a notch and cleaning up shop. On account of some lackluster performance to close out '06, the company looks to drop about 3,500 folks from its payroll (a full 5 percent of its workforce) but has no plans to change its overall product strategy. In fact, perhaps due in part to the layoffs, it looks to post full-year revenues of $46 billion or more, above analyst estimates. In other words: expect more RAZRs and RAZR-alikes. As long as they follow the V6 MAXX theme, though, that may not be an entirely bad thing.
It's 46 billion revenues, or sales, not earnings. Earnings are profit, and those are 624 million. ^_^
Does the downsizing affect non-US employees too? :S
Yearly profit was more like $4b, not $624m.