Motorola Mobility to Cut 700 Jobs in Libertyville, Chicago

Employees are being notified early this week about the status of their jobs.

Less than three weeks after announcing its , Motorola Mobility said it will cut 700 jobs in Illinois, including at its Libertyville headquarters and Chicago office.

According to Crain's Chicago Business, Motorola Mobility is cutting 4,000 jobs in total.

"The Chicago office is much smaller," said Jennifer Erickson, chief communications officer for Motorola Mobility. She added that "the employees are being notified early this week."

CNN Money said these cuts represent one-fifth of the company's workforce and that two-thirds of the jobs cut will be from outside the United States.

The Chicago Sun-Times reports that the job cuts will result in Motorola Mobility not receiving the $100 million in tax credits it was expecting because it won't have the minimum 2,500 employees required to receive the credits.

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