Fair
9°CWed :Partly Cloudy. High: 16 Low: 3

Google to cut 1,200 Motorola Mobility jobs, including in India

Google to cut 1,200 Motorola Mobility jobs, including in India

New York: Google Inc’s Motorola Mobility hardware unit is laying off about 1,200 employees, around 10 percent of its headcount in the US, China and India, the Wall Street Journal said in a report.

Staffers of Motorola Mobility, which is trying to return to profitability, were informed by the company via an email this week about the said layoffs.

The email reviewed by the Wall Street Journal said “while we’re very optimistic about the new products in our pipeline, we still face challenges. …Our costs are too high, we’re operating in markets where we’re not competitive and we’re losing money.”

The layoffs will affect workers in the US, China and India, WSJ said.

The new cuts come on top of a 20 percent reduction of Motorola’s workforce that started last August, when it said it would lay off 4,000 employees. As of the end of 2012, Google said Motorola had 11,113 employees.

Google agreed to pay USD 12.5 billion for Motorola in a deal struck in mid-2011. Since the acquisition was completed, Motorola has continued to show operating losses as its smartphone and tablet market share fell.

In the third quarter of 2012, it posted an operating loss of more than USD 500 million and a loss of more than USD 350 million in the fourth quarter, WSJ added.

 

Top Stories

227436-priyanka

Priyanka Gandhi denies reports that she wished to contest against Narendra Modi

April-23-2014
Congress leader Priyanka Gandhi Vadra, presently managing the campaign for Sonia and Rahul Gandhi in Amethi and Rae Bareli, was reportedly willing
money300

Black money may account for 1/3rd of Rs 30k Cr poll expenses

April-22-2014
New Delhi: As general elections draw closer, ‘unaccounted money’ may account for over tierce of total Rs 30,000 large integer calculable to
MalaysiaAirlinesPlaneTakeOff_large

Malaysia to issue death certificates in missing plane

April-22-2014
The Malaysian government can issue death certificates for passengers of missing Flight MH370 and supply monetary help to families still hanging onto
nexux

Google engaged on a budget Nexus smartphone

April-22-2014
Google has been in the news since last number of years for engaged on a budget Nexus smartphone. However, the items haven’t
fdf1cd30-c9db-11e3-9371-91f8250ebe24_IMG_8573

Bollywood celebrities support AAP

April-22-2014
  Bollywood celebrities support AAP After fielding screenland candidates like Gul Panag, Jaaved Jaffrey and Jaspinder Narula from various Lok Sabha constituencies,
muslim-s2

In geographical area, Muslims bitter but see few choices on the far side Cong

April-22-2014
In Maharashtra muslims are also sad regarding the means within which the state has “illegally detained” kids in terror cases. Muslims kind