Motorola to Cut 7,500 Jobs

motorola.JPGThe big M is slimming down. While they had previously cut 4,000 jobs, Reuters is reporting that the employees at Motorola may be facing additional layoffs. The company could be cutting up to another 7,500 jobs. This was brought on by the second quarterly loss in a row, and severe price competition.

As a result Motorola will up to 7,500 jobs, or about 11 percent of its workforce by the end of 2007. And to add to Motorola’s woes, analysts are saying that the company has lost its place as the world’s second-biggest mobile phone maker to Samsung Electronics.

[Via Reuters]