Motorola to Cut 800 Jobs Ahead of Google Acquisition
Motorola indicated via a legal filing that it is eliminating 800 jobs and closing at least one facility in ahead of its pending acquisition by Google. The charges associated with the job cuts and facility closing will cost Motorola 427 million and $4 million, respectively. Google announced in August its intent to purchase Motorola for $12.5 billion, in part for its smartphone business and in part for its wireless technology patents.
Google Updates Daydream to Version 2.0 Euphrates
Google today provided some insight on its Daydream virtual reality platform and says a new version of Daydream will soon make its debut. Daydream 2.0 Euphrates targets standalone VR headsets and is powered by Android O.
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'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.
BlackBerry Cutting More Jobs, Including Device Team
BlackBerry announced another round of job cuts on Friday, this time affecting those behind making the company's smartphones and mobile applications. BlackBerry did not say how many employees will lose their jobs, nor in which facilities, but said the cuts will reach its operations across the globe.
Business as usual
The "They" which is firing 800 people is Motorola, which is not yet owned by Google and has been losing money continuously.
And when the $12 billion deal is final, the money goes to the Motorola stockholder...