Google to cut 4,000 jobs at Motorola unit
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NEW YORK (AP) - Google Inc is making its largest round of layoffs ever as it announced plans to cut about 4,000 jobs at Motorola Mobility just three months after buying the struggling cellphone pioneer. -- PHOTO: REUTERS/X00301
NEW YORK (AP) - Google Inc is making its largest round of layoffs ever as it announced plans to cut about 4,000 jobs at Motorola Mobility just three months after buying the struggling cellphone pioneer.
The move isn't surprising given years of plummeting sales at Motorola, but it signals that Google doesn't intend to drag Motorola along as a money-losing venture.
After the announcement, Google's stock rose US$18.01 (S$22.40), or 2.8 per cent, to close on Monday at US$660.01.
The reductions represent about 20 per cent of Motorola Mobility's 20,000 employees and 7 per cent of Google's overall work force. Google says two-third of the job cuts will take place outside of the United States (US).
