Now even Google announces cuts of 4,000 for Motorola
Cuts aimed at returning company to profitability.
Google has announced they're cutting jobs at the newly-acquired Motorola Mobility. Motorola will shed 20 percent of its workforce and a third of its offices worldwide. A third of the jobs to be lost will be in the US, with the remainder overseas.
Google acquired Motorola in 2011.
Google has promised to help give laid-off employees as soft a landing as possible. "Motorola is committed to helping them through this difficult transition and will be providing generous severance packages, as well as outplacement services to help people find new jobs," according to a spokeswoman for Google.
Some of the closures will occur overseas, in China and India.
Motorola will also narrow its work to just a few high-quality mobile devices. Until now, Motorola has consistently produced a wide range of devices with varying capabilities and prices. Now, the company is being directed to work on a few high-end devices. And Motorola will be exiting markets that are deemed "unprofitable."
As a final gesture, some 40 percent of the company's vice presidents have also been discharged, although a number of senior executives have been hired.
In all, the cuts are expected to increase efficiency, and hone the focus of the struggling mobile giant.
Google acquired Motorola in 2011 in an effort to protect itself from patent lawsuits, which are common in the mobile development industry.
Google is the world's largest search engine provider, and has expended operations into a wide range of fields, including mobile development over the past several years. Unfortunately, these endeavors have been difficult, and only rarely successful. Still, Google remains one of the world's most profitable companies, money that allows it to buy new subsidiaries and develop innovative new products.
© 2012, Distributed by NEWS CONSORTIUM.
- - -
Pope Benedict XVI's Prayer Intentions for January 2013
General Intention: The Faith of Christians. That in this Year of Faith Christians may deepen their knowledge of the mystery of Christ and witness joyfully to the gift of faith in him.
Missionary Intention: Middle Eastern Christians. That the Christian communities of the Middle East, often discriminated against, may receive from the Holy Spirit the strength of fidelity and perseverance.
Keywords: Google, Motorola, profits, mobile, jobs, cuts
NEWSLETTERS »
Rate This Article
Leave a Comment
More Business & Economics News
- Web developer: Earn $60,000 a year - without college degree or debt
- China, India, Brazil could dominate global investment by 2030
- Unemployment in U.S. comes roaring back - in a big way
- Criminally unfair? Why disgraced Enron CEO Skilling could see freedom sooner than you think
- Berkshire Hathaway Inc. hits first quarter record profit at 51 percent
- China and Japan now hold record amounts of Obama debt
- Does shift to mobile mean Facebook's salad days are done? Not at all
- U.S. annual growth rate slowest since 1929, start of Great Depression
- Prosperity gap between races in U.S. widened during recession
Featured News
- Fr. Paul Schenck: Finding Living Faith on Catechetical Sunday
- The Movie Yellow: Incest as 'Normal' and Cassavates's Slides Into the World of Woes
- The Chicago School Teachers Strike Reveals the Need For School Choice
- The Sexual Barbarians and the Dissolution of Culture
- The Happy Priest Challenges Us to Ask: Who is Jesus to Me?
- Michael Coren on Canadian Public Schools: Teachers, leave those kids alone
- We Cannot Ignore Our Consciences: Cardinal Dolan On Religious Liberty
- In the Face of Danger, Successor of Peter Travels to Lebanon as a Messenger of Peace
- Reflections on the Dignity and Vocation of Women: Who or What?
Disclaimer: The columns, articles, advertisers claims and any other features provided on Catholic Online Business & Economics are provided for personal finance and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of Catholic Online and there is no implied endorsement by Catholic Online of any advice or trading strategy.
Most Popular
There's the problem! Americans are out of touch with scientific consensus on climate change Read More
Editorial: Is the Scandal Ridden Obama Administration Becoming a House of Cards? Read More
Sex In Uniform: Why the Increase in Sexual Assaults in the Military? Read More
Bill Donohue, Catholic League, Disclose Fight with the IRS, Demonstrate Courage Read More
Has the Internal Revenue Service become 'Domestic Terrorists'? Read More
Daily Readings
Reading 1, Sirach 2:1-11
My child, if you aspire to serve the Lord, prepare yourself for ... Read More
Psalm, Psalms 37:3-4, 18-19, 27-28, 39-40
Put your trust in Yahweh and do right, make your home in the ... Read More
Gospel, Mark 9:30-37
After leaving that place they made their way through Galilee; ... Read More
Saint of the Day
St. Eugene de Mazenod
May 21: Eugene de Mazenod was born on August 1, 1782, at Aix-en-Provence ... Read More
Latest Videos
Catholic Mass from the Church of Ste. Genevieve (5/19/13) View Video
'Salve Virginale'- Gregorian Chant;'Fontgombault Abbey' HD View Video
'Salve Virginale'- Gregorian Chant;'Fontgombault Abbey' HD View Video
'Beata viscera Mariae'- Byrd-polyphony (HD) View Video
Learning about Gregorian Chant~ Solesmes View Video
Marketplace
Drawn From Shadows Into Truth: A Memoir
A fascinating autobiography in the spirit of Bl. John Henry Newman, ... Read More
Baptism Invitations and Cards
Shop for unique custom-printed Baptism and Christening invitations. ... Read More




Print















0 Comments