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Google details more layoffs, costs at Motorola
Market Watch ^ | 10/04/12

Posted on 10/26/2012 7:21:35 PM PDT by advance_copy

Google Inc. GOOG raised its estimate of severance expenses at its Motorola Mobility unit, increasing the projected cost of the wireless phone maker's restructuring plan.

The Web-search company said in a regulatory filing Thursday that severance payments tied to the job cuts, originally announced in August, would affect "additional geographic regions outside of the U.S.," though it didn't detail where the layoffs were focused.

A Google representative wasn't immediately available for comment.

Google in August said it planned to shed about 4,000 Motorola Mobility workers around the world--roughly a fifth of the company's workforce--to help return the wireless phone maker to profitability. The company closed its $12.5 billion acquisition of Motorola Mobility in May.

(Excerpt) Read more at marketwatch.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: 2012; obamanomics
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1 posted on 10/26/2012 7:21:43 PM PDT by advance_copy
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To: advance_copy

Motorola Mobility...

No upward mobility for their employees.

Moto will eventually close shop, and Google will be left with just the patents, which means, no need for employees.


2 posted on 10/26/2012 7:53:08 PM PDT by adorno
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