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. Hayagrriva OTT Release, Story, Cast, Crew, IMDb Rating and Reception Explained
  1. New Black Hole Study Suggests Singularities May Not Exist
  2. Bhishmar (2026) Now Streaming Online: What You Need to Know About This Malayalam Action Drama
  3. Hayagrriva OTT Release: Where to Watch Dhanveerrah’s Sci-Fi Crime Mystery Thriller Online
  4. Aida: The Movie Out on OTT: Know Where to Stream This Spanish Comedy Tribute Online
  5. NASA Just Released One of the Most Detailed Maps of the Night Sky Ever
  6. Bhagubai Out on OTT: Know How to Stream This Marathi Comedy Drama Film Online
  7. Mad For Each Other OTT Release: Where to Watch the Indian Relationship Reality Show Online
  8. Salbardi OTT Release: Where to Watch Pooja Sawant’s Marathi Crime Mystery Thriller Online
  9. Bhojpuri Bawaal OTT Release Date Reportedly Revealed Online: Know Everything About This Upcoming Reality Series
  10. Mysterious Stacked Rocks Spotted by NASA Perseverance Rover on Mars
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.