Motorola Inc. is cutting 2,600 jobs as part of an effort to trim $500 million in annual costs to cope with declining revenue.
Many of the job cuts already have been announced, including 700 positions in Singapore, 355 in Plantation, Fla., and 60 in Birmingham, England.
The Schaumburg company declined to say how many layoffs will happen in the Chicago area, where Motorola employs about 15,000 people.
The latest job cuts come on top of 7,500 positions eliminated last year. When the new cutbacks are complete, Motorola will have about 63,500 worldwide, down from 66,000 at the end of 2007. In 2000, before the last major restructuring, it employed 147,000 people worldwide.
Motorola is scrambling to cut costs as its revenue slides. Last year, revenue fell 15% to $36.7 billion, largely because of a sharp drop-off in sales in wireless phones, its largest division. Cell phone sales dropped 33% to $19 billion.
The cutbacks are being made across all divisions, the company said.
The news comes as Motorola embarks on plans to split the company by spinning off its mobile devices business.
John Pletz is a reporter for Crain’s Chicago Business, a sister publication for RCR Wireless News. Both publications are owned by Crain Communications Inc.
