In a statement released to Engadget, a Motorola spokesperson refuted some of the rumors of the Moto Z’s cancellation by saying, “In late 2017, Lenovo announced a worldwide resource action that would occur over the next several quarters, and impacting less than two percent of its global workforce.”
They add, “This week’s employment reductions are a continuation of that process. We are reducing our Motorola operations in Chicago however this did not impact half of our workforce there and our Moto Z family will continue.” This actually makes sense because a recent leak suggested that Motorola could have a new Moto Mod for the Moto Z in the form of a virtual reality headset, so it wouldn’t make sense for them to cancel the handset.
In any case we suppose only time will tell what will become of Motorola’s handsets, like the Moto G and Moto E series, but given that those lineups are pretty popular amongst the budget-conscious consumer, it seems that they’ll be sticking around.