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Google Confirms Motorola Job Cuts In SEC Filing | Techdigg.info

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Monday 13 August 2012

Google Confirms Motorola Job Cuts In SEC Filing | Techdigg.info

Google Confirms Motorola Job Cuts In SEC Filing | Techdigg.info

Earlier today we heard that Google intends to cut jobs at Motorola, with around 20 percent of the workforce loosing their jobs, and now Google has confirmed the cuts in a recent SEC filing.

The filing also revealed that Google expects Motorola to loose up to $275 million in the process of it cutting the jobs and also in closing down one third of the Motorola’s offices.
Motorola has over 20,000 employees, so around 4,000 will be let go, a third of these job loses will be in the US, Google also said that it expects Motorola to return to profitability in the future.
Source The Next Web

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