Motorola took another hit Thursday in announcing, through a filing with the Securities and Exchange Commission, that it will lay off 2,600 employees. As a result, it will take a $104 million pretax charge in the first quarter of the year for severance costs.
The $104 million is partially offset by "$9 million of reversals for accruals from prior periods that are no longer needed," according to the filing (thanks Silicon Alley Insider). "All three of the company's business segments, as well as various corporate functions, are impacted by these plans."
Thursday's … Read more