Motorola Solutions to cut costs by buying out North American managers13
Motorola Solutions is the last independent piece of what had been Motorola Inc. It was split off of Motorola in 2011 and has been attempting to cut $50 million per year by cutting back on manufacturing and employee costs. Now it is looking to cut more money off the books by offering buyouts to a few hundred managers across North America. Motorola Solutions has about 4,000 managers eligible for buyouts, but the report says that only a fraction of that number will be offered buyouts.
The word about the cuts comes on the heels of recent reports that Motorola Solutions may look into selling its wireless local area network business as well. This would leave the company with just its device market, which is based in building mobile devices like radios for enterprise.