Motorola has already cut some 3,000 jobs last year, and now another 4,000 jobs is set on the chopping blocks.

The mobile handset maker Motorola Inc has released an official press release just recently regarding their latest cost cutting measure.

This move will allow the company a $1.5 billion savings from all that total layoffs.

This doesn’t bodes good news for those employed by Motorola.

Those staff who survived the initial layoff, has already seen their pension plans freeze and salaries cut, but it looks like they’ll be out of jobs this coming months.

Motorola shares fell 21 cents, or 4.9 per cent, to close at $4.11 after the announcement.