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| Author |
NEWS: Motorola to cut an additional 4,000 workers
|
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| John Navas 2007-05-30, 10:33 pm |
| <http://www.chicagotribune.com/busin...hi-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]
| |
| jgrove24@hotmail.com 2007-05-30, 10:33 pm |
| On May 30, 5:14 pm, John Navas <spamfilt...@navasgroup.com> wrote:
> <http://www.chicagotribune.com/busin...br />
1785.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
| |
| Andreas Wenzel 2007-05-30, 10:33 pm |
| John Navas schrieb:
> [...] the company expects to achieve another
> $600 million in annualized cost savings in 2008.
Hm, why don't they simply cease production alltogether? No products - no
need for R&D, marketing and sales, imagine the savings!!! No more cost
AT ALL!
Andreas
| |
|
| This makes me sorry I just bought 2 of their products. These will the the
last Moto products I buy.
<jgrove24@hotmail.com> wrote in message
news:1180564173.701137.61190@q66g2000hsg.googlegroups.com...
> On May 30, 5:14 pm, John Navas <spamfilt...@navasgroup.com> wrote:
>
> Betcha Maoists won't see any cuts, US citizens bye-bye...JG
>
| |
| Larry 2007-05-30, 10:33 pm |
| Andreas Wenzel <awspambucket@gmx.de> wrote in news:f3kuus$tvi$1@on
line.de:
> 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.
| |
|
| 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!
>
> Andreas
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.
| |
|
| jgrove24@hotmail.com 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.
| |
| Anon E. Muss 2007-05-31, 4:33 am |
| rOn Wed, 30 May 2007 22:14:59 GMT, John Navas
< spamfilter1@navasgro
up.com> wrote:
><http://www.chicagotribune.com/busin...hi-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.
| |
| Andreas Wenzel 2007-05-31, 3:33 pm |
| Larry schrieb:
> [...]
> www.dilbert.com
>
> Corporate thinking at its finest....(c;
Definitely!
| |
| Andreas Wenzel 2007-05-31, 3:33 pm |
| 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
| |
|
| Andreas Wenzel wrote:
> SMS schrieb:
>
> 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.
| |
| George 2007-06-01, 7:33 am |
| SMS wrote:
> Andreas Wenzel 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.
| |
|
| George wrote:
>
> 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.
| |
| Elmo P. Shagnasty 2007-06-01, 3:33 pm |
| In article < 46603b42$0$27181$742
ec2ed@news.sonic.net>,
SMS <scharf.steven@geemail.com> wrote:
> 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.
The story of Xerox.
| |
|
| Elmo P. Shagnasty wrote:
>
> 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.
| |
| karlkrandall@sbcglobal.net 2007-06-01, 10:33 pm |
| On Wed, 30 May 2007 22:14:59 GMT, John Navas
< spamfilter1@navasgro
up.com> wrote:
><http://www.chicagotribune.com/busin...hi-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
| |
|
| In article < 466085d1$0$27160$742
ec2ed@news.sonic.net>,
SMS <scharf.steven@geemail.com> wrote:
> Elmo P. Shagnasty wrote:
>
>
> 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.
--
To reply by email, remove the word "space"
| |
| John Navas 2007-06-05, 3:33 pm |
| Would you rather Motorola went out of business? How would that be
better?
On Wed, 30 May 2007 15:51:36 -0700, "anon" <suzienospam@juno.com> wrote
in <Udn7i.429213$6P2.205511@newsfe16.phx>:
>This makes me sorry I just bought 2 of their products. These will the the
>last Moto products I buy.
>
><jgrove24@hotmail.com> wrote in message
>news:1180564173.701137.61190@q66g2000hsg.googlegroups.com...
>
--
Best regards, FAQ FOR CINGULAR WIRELESS:
John Navas <http://en.wikibooks.org/wiki/ Cingu...less_FA
Q>
| |
| jgrove24@hotmail.com 2007-06-05, 10:33 pm |
| On Jun 5, 3:31 pm, John Navas <spamfilt...@navasgroup.com> wrote:
> Would you rather Motorola went out of business? How would that be
> better?
>
> On Wed, 30 May 2007 15:51:36 -0700, "anon" <suzienos...@juno.com> wrote
> in <Udn7i.429213$6P2.205...@newsfe16.phx>:
>
>
>
>
>
>
>
>
>
>
>
>
> --
> Best regards, FAQ FOR CINGULAR WIRELESS:
> John Navas <http://en.wikibooks.org/wiki/ Cingu...less_FA
Q>- 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
| |
| John Navas 2007-06-05, 10:33 pm |
| On Tue, 05 Jun 2007 14:39:49 -0700, jgrove24@hotmail.com wrote in
<1181079589.690283.43210@p77g2000hsh.googlegroups.com>:
>On Jun 5, 3:31 pm, John Navas <spamfilt...@navasgroup.com> wrote:
[color=darkred]
>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.
--
Best regards, FAQ FOR CINGULAR WIRELESS:
John Navas <http://en.wikibooks.org/wiki/ Cingu...less_FA
Q>
| |
|
| jgrove24@hotmail.com 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.
| |
| balsofsteele@gmail.com 2007-06-06, 10:33 pm |
| 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 <_aI9i.9238$Yj.3007@fe21.usenetserver.com>,
"balsofsteele@gmail.com" <balsofsteele@gmail.com> wrote:
> John Navas wrote:
>
> 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.
--
To reply by email, remove the word "space"
| |
| jgrove24@hotmail.com 2007-06-07, 10:33 pm |
| On Jun 6, 10:42 am, SMS <scharf.ste...@geemail.com> wrote:
> jgrov...@hotmail.com wrote:
>
> 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.
>
Off course as they're doing now the hiring will be in Mao-land or
imported H1b Maoists.
> 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 2007-06-07, 10:33 pm |
| On Wed, 06 Jun 2007 19:20:09 -0500, "balsofsteele@gmail.com"
<balsofsteele@gmail.com> wrote in
<_aI9i.9238$Yj.3007@fe21.usenetserver.com>:
>John Navas wrote:
>
>I'd rather enjoy it - its not like Motorola *innovates* with their
>cellular products. They simply market cheap crap to cellnoobs that
>don't know any better.
In fact Motorola is a recognized innovator.
>At least it'd make Motorola Canopy go away. That crap SUCKS! Slower
>than moleasses, expensive as hell, deaf as a doornail, and wastes
>oodles of spectrum while doing it.
Then just ignore it. Leave it to those that like it.
>Go Die, Moto.
Your agenda is showing. ;)
--
Best regards, FAQ FOR CINGULAR WIRELESS:
John Navas <http://en.wikibooks.org/wiki/ Cingu...less_FA
Q>
| |
| balsofsteele@gmail.com 2007-06-09, 4:33 am |
| Kurt wrote:
> In article <_aI9i.9238$Yj.3007@fe21.usenetserver.com>,
> "balsofsteele@gmail.com" <balsofsteele@gmail.com> 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
| |
| John Navas 2007-06-13, 12:33 pm |
| On Wed, 06 Jun 2007 08:42:29 -0700, SMS <scharf.steven@geemail.com>
wrote in < 4666d5d6$0$27201$742
ec2ed@news.sonic.net>:
>jgrove24@hotmail.com wrote:
>
>
>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.
--
Best regards, FAQ FOR CINGULAR WIRELESS:
John Navas <http://en.wikibooks.org/wiki/ Cingu...less_FA
Q>
| |
| John Navas 2007-06-13, 3:33 pm |
| On Fri, 01 Jun 2007 13:47:25 -0700, SMS <scharf.steven@geemail.com>
wrote in < 466085d1$0$27160$742
ec2ed@news.sonic.net>:
>Elmo P. Shagnasty wrote:
>
>
>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.
--
Best regards, FAQ FOR CINGULAR WIRELESS:
John Navas <http://en.wikibooks.org/wiki/ Cingu...less_FA
Q>
| |
| John Navas 2007-06-13, 3:33 pm |
| On Wed, 30 May 2007 18:04:44 -0700, SMS <scharf.steven@geemail.com>
wrote in < 465e1f21$0$27219$742
ec2ed@news.sonic.net>:
>Andreas Wenzel wrote:
>
[color=darkred]
>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.
--
Best regards, FAQ FOR CINGULAR WIRELESS:
John Navas <http://en.wikibooks.org/wiki/ Cingu...less_FA
Q>
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