Google Cautions More Cuts at Motorola On the Way
Google today warned investors that it may make further cuts at Motorola, which could result in costly restructuring charges. Google has already announced plans to cut a significant amount of Motorola's work force, reduce the number of offices/locations, and exit the entry-level smartphone business. These changes will result in about $340 million in charges during the third quarter. However, Motorola indicated that more reductions may be necessary. "Motorola continues to evaluate its plans and further restructuring actions may occur, which may cause Google to incur additional restructuring charges, some of which may be significant," said the company. Google didn't provide specific details about what cuts might be made. Google finalized its acquisition of Motorola earlier this year.
Motorola's Chicago Office to Lose 500 Jobs
Motorola has revealed the depth of job cuts being made at its Chicago headquarters and they run quite deep. The firm will eliminate 500 positions, or about 25% of its staff, as its parent firm, Lenovo, restructures amidst weak sales.
Qualcomm to Cut Jobs Amidst Cost Restructuring
Qualcomm today said it will pursue aggressive cost restructuring, including the elimination of jobs, as it seeks to balance its financials. Qualcomm indicated it plans to slash $1.4 billion in expenses through a number of different actions, including job cuts of about 4,500, or 15% of its work force.
Lenovo Announces Layoffs, Remains 'Committed' to Motorola
Lenovo today announced a workforce reduction that will see close to 2% of the company's 55,000 employees losing their jobs. Most of the more-than-1,000 cuts impact Lenovo-owned Motorola.
Motorola to Let Others Make Mods for Z Droids
Motorola today showed off the Z Droid and Z Droid Force handsets, which are compatible with magnetic modules that attach to the back. The Z Droid and Z Droid Force will have access to a handful of Moto Mods at launch, but Motorola hopes other companies will make Mods, too.