Tech giant cutting 7,000 more jobs
Wednesday, Oct. 10, 2001 | 9:49 a.m.
CHICAGO -- Slumping tech giant Motorola Inc. is cutting another 7,000 jobs as it confirmed it is headed for a fourth straight money-losing quarter.
The announcement today came a day after the cellphone and semiconductor manufacturer reported a $1.4 billion loss for the quarter ended Sept. 30.
Faced by a weakened economy and slower industry growth in worldwide cellphone sales, Motorola already this year had announced 32,000 job cuts to a work force that stood at 147,000 last December.
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