Google will cut 1,200 employees, or more than 10 percent of its workforce from their Motorola Mobility division, the the Wall Street Journal reported yesterday.
According to the WSJ, Motorola employees were informed about the latest cuts — which come on top of 4,000 layoffs announced last August — via a company email sent this week.
“While we’re very optimistic about the new products in our pipeline, we still face challenges,” the newspaper quoted the email as saying.
“Our costs are too high, we’re operating in markets where we’re not competitive and we’re losing money.”
The workers will not only be affected in the United States, but employees from China and India will be let go as well, according to the Journal.
The WSJ quoted a spokesman explaining the cuts are “obviously very hard for the employees concerned, and we are committed to helping them through this difficult transition.”
Last May, Google completed its purchase of Motorola for $12.5 billion. What caught Google’s eye about Motorola was their manufacturing of smartphones and other devices that use Google’s Android platform. Also, the company has their hands in over 17,000 valuable patents
Source: Business Insider