Motorola To Lay Off 800 In Fourth Quarter

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Motorola plans to lay off about 800 employees worldwide, or about 4.2% of its workforce, before the end of 2011, it disclosed in a regulatory filing.

The company -- which is in the process of being acquired by Google -- will record a net pre-tax charge of $31 million in the fourth quarter of 2011 related to the layoffs. That comprises $27 million of severance costs and approximately $4 million of facility exit costs, Motorola Mobility disclosed in its 10-Q quarterly filing with the Securities and Exchange Commission on Thursday.

The company said employees in both the Mobile Devices business and the Home business, as well as various corporate functions, will be affected by the layoffs. At the end of 2010, Motorola Mobility had 19,000 employees.

On Thursday, Motorola Mobility reported net revenue of $3.3 billion in the third quarter of 2011, up 11% year over year, and a net loss of $32 million compared with a net loss of $34 million in the third quarter of 2010. Sales in the cable-focused Home segment declined 10% versus the year-ago period.