Google Cuts Another 1,200 Jobs at Motorola

by Christopher Freeburn | March 8, 2013 9:45 am

Google Cuts Another 1,200 Jobs at Motorola

motorola 630 future 300x225 Google Cuts Another 1,200 Jobs at Motorola[1]Another round of pink slips is going out[2] at Google‘s (NASDAQ:GOOG[3]) Motorola unit.

The mobile device maker will shed 1,200 workers under the latest round of job cuts. Google purchased Motorola in 2012 for $12.4 billion, mainly to acquire the company’s portfolio of technology patents, the Associated Press noted.

Since the takeover, Google has struggled to turnaround Motorola’s operations and integrate the company¬†with its other businesses. Operating losses at Motorola have hit $1.1 billion since the acquisition was finalized.

Late last year, Google sold the company’s set-top box business[4] to Arris Group (NASDAQ:ARRS[5]), in a deal worth $2.35 billion. Roughly 7,000 Motorola workers are employed in the set-top box unit.

In June, Google said it would slash Motorola’s payroll by 4,000 workers[6].

Shares of Google slipped fractionally in Friday morning trading.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/01/motorola-630-future.jpg
  2. round of pink slips is going out: http://www.washingtonpost.com/business/google-cutting-1200-more-motorola-jobs-as-cellphone-division-struggles-to-compete/2013/03/08/169d795c-87f1-11e2-b412-2e8596e7c927_story.html
  3. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
  4. sold the company’s set-top box business: http://investorplace.com/2012/12/google-to-sell-off-motorola-set-top-box-unit/
  5. ARRS: http://studio-5.financialcontent.com/investplace/quote?Symbol=ARRS
  6. slash Motorola’s payroll by 4,000 workers: http://investorplace.com/2012/08/google-slashes-4000-jobs-at-motorola-mobility/

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