Google plans more job cuts at Motorola

Advertisement
By Associated Press | Updated: 4 October 2012 18:59 IST
Google is expanding its plan to cut jobs from its Motorola Mobility unit outside the U.S. and will take $390 million for severance costs and other charges related to the layoffs.

The online search leader said in August that it would cut about 4,000 jobs at Motorola, planning to close or consolidate about one-third of Motorola's 90 locations. It said then that two-thirds of the job cuts, about 7 percent of Google's overall work force, would take place outside the U.S.

Google Inc. bought Motorola Mobility, which makes cellphones and cable set-top boxes, in late May for $12.4 billion. It was its largest acquisition ever, broadening the company's business from its roots in Internet search and other online services to manufacturing equipment.

Advertisement

About $300 million of the charges announced Thursday are related to severance payments and will be taken in the third quarter, according to a filing by Google with the Securities and Exchange Commission.

The Mountain View, Calif., company also expects to pay about $90 million in charges for the cost of closing facilities through 2013. About $40 million of those charges are expected to be taken in the third quarter.

Advertisement

Motorola may make even more cuts as it evaluates its plans, which could result in more charges, Google said.

Google shares rose $2.50 to $765 in premarket trading Thursday.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Google, Motorola
Advertisement

Related Stories

Popular Mobile Brands
  1. Here's When the Lava Virat V1 5G Will Launch in India
  2. God of War Laufey Will be Available on Disc, Santa Monica Studio Confirms
  3. Asics Gel-Kayano 33 Review
  4. Redmi Note 17 Could Debut in India in These Storage and Colour Variants
  5. Samsung Just Gave the Galaxy M47 5G a Substantial Price Hike in India
  1. Samsung Galaxy M47 5G Gets Substantial Price Hike in India Days After It Was Launched
  2. God of War Laufey Will Get a Disc Version Before Sony Ends Disc Production in 2028
  3. Redmi Note 17 Colours, Storage Options in India Leaked as Tipster Reveals Key Specifications of Chinese Variant
  4. Redesigned Apple Pencil Models in Development, Could Debut Alongside M6 iPad Pro in 2027: Report
  5. Lava Virat V1 5G and Virat V1 4G India Launch Date Revealed Along With Design, Colourways: Expected Specifications
  6. Apple’s M7 Ultra-Based Server Chip to Reportedly Offer Up to 1.5TB Memory, Enhanced Neural Processing
  7. Tecno Camon 50 Ultra 5G India Launch Date Announced; Colourways and Amazon Availability Confirmed
  8. Apple Reportedly Reviews iPhone 17 Demand as Costs Rise Amid Ongoing Memory Shortage
  9. Interpol Traces $122 Million Crypto Wallet Connected to Romance Scam Network
  10. Hong Kong's Securities and Futures Commission Tightens Anti-Phishing Standards for Crypto Platforms
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.