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.
Reader Comments (Page 1 of 1)
Fred @ Jan 21st 2007 4:17AM
It's 46 billion revenues, or sales, not earnings. Earnings are profit, and those are 624 million. ^_^
Fye @ Jan 22nd 2007 3:05AM
Does the downsizing affect non-US employees too? :S
Asten @ Jan 22nd 2007 10:04PM
Yearly profit was more like $4b, not $624m.