As part of Lenovo's recently-announced restructuring efforts, Motorola plans to cut 500 jobs at its Chicago headquarters, according to a new report. That number accounts for 25 percent of Motorola's 2,000 employees that work in the Merchandise Mart offices. From Crain's Chicago Business:
Lenovo, Motorola's parent company, stated in its most recent earnings report that it would undertake important restructuring efforts to combat increased competition and slowing growth across a number of its businesses. Lenovo also announced that it will be shifting all design, development, and manufacturing duties of its smartphones over to Motorola as part of the effort.
Source: Crain's Chicago Business
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