Google Trims Headcount at Motorola
Google subsidiary Motorola has internally announced about 1,200 layoffs, 10% of its current workforce. The cuts follow layoffs of 4,000 last year. The cuts will be in the U.S., China, and India. According to an internal email obtained by the Wall Street Journal, company executies reasoned that "our costs are too high, we're operating in markets where we're not competitive, and we're losing money." After pumping out around 20 phones each year in the U.S. for most of the last decade, the company announced just ten in 2012.
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.
Sprint to Cut Headcount and $2.5 Billion in Costs
Sprint is prepared to reduce expenses by as much as $2.5 billion over the next year, reports the Wall Street Journal, and is likely to cut jobs to help it reach that goal. An internal memo sent to staff by CFO Tarek Robbiati obtained by the Journal said the cuts "inevitably will result in job reductions." Sprint had about 31,000 employees as of March.
HTC to Trim Headcount and Handsets
HTC today said it plans to make cuts to its employee base and reduce the number of handsets it releases in a bid to become more competitive with market leaders Apple and Samsung. "The cuts will be across the board," said HTC CFO Chialin Chang.
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.
Yahoo Expected to Announce Restructuring
Yahoo will unveil a plan to cut costs on Tuesday, reports the Wall Street Journal, which will include closing select business units and further trimming its workforce. Yahoo CEO Marissa Meyer and CFO Ken Goldman will discuss the plans after announcing the company's fourth quarter results.