Printed from http://www.electronista.com

More jobs to go at Motorola, says Google

updated 07:56 am EDT, Thu October 4, 2012

Google restructuring plans at Motorola continue with job losses

Google has said that it plans further job cuts at Motorola while warning of more restructuring to come at the handset maker, reports Reuters. The next round of job cuts are estimated to cost up to $340 million in severance payments. Google's first round of job cuts in August resulted in up to 4,000 staff losing their jobs and the closure of up to a third of its offices around the globe.

At that time, new Motorola CEO Dennis Woodside said that the cuts were necessary as the company was readjusting its strategy to focus on developing fewer, but high-end handsets. "Motorola has continued to refine its planned restructuring actions and now expects to broaden those actions to include additional geographic regions outside of the U.S.," reads a statement issued by Google today.

Moving forward, Motorola also warned that more jobs at are looming. "Motorola continues to evaluate its plans and further restructuring actions may occur, which may cause Google to incur additional restructuring charges, some of which may be significant," the company added somewhat ominously for Motorola staff.

When Google acquired Motorola for over $12 billion, it was a decision driven largely by Motorola's 17,000 patent arsenal to help defend Android from litigation. While the merits of that decision have been debated, Motorola's financial position has been progressively getting worse with 14 out of 16 recent quarters resulting in losses. In order to placate its Android partners concerned by Google's acquisition of Motorola, the company made it clear that Motorola would not receive any special favors.





By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Sponsor

toggle

Most Commented

 
toggle

Popular News