Motorola to axe 3,500 jobs

The result of Razr thin profits? Hope their Scpl can cut through the bleeding margins. :P

Motorola, the world's number two mobile phone maker, will shed 3,500 jobs in an effort to stem falling profits. The fall in profits reflects price cuts in mobile phone prices and tougher competition among premium products. Motorola blamed "an unfavourable geographical and product-tier mix" for the decline in profits.

Read more: BBC, Bloomberg