Google Cuts Another 1,200 Jobs at Motorola

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

motorola 630 future[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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