Home  ›  News  ›

Motorola to Cut 800 Jobs Ahead of Google Acquisition

Article Comments  4  

Oct 31, 2011, 7:05 AM   by Eric M. Zeman

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.

BusinessWeek »

more news about:



This forum is closed.

This forum is closed.


Oct 31, 2011, 9:42 AM

Business as usual

Of course, they can pay $12.5 BILLION!!!! in their aquisition,but the workers gotta go ASAP; cant keep them expensive american workers around,cant they??? Next thing you know,they "create" 800 new jobs in Indonesia,or the Philipines!!!
The "They" with $12 billion is Google.

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...
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Threads Follow @phonescoop on Mastodon Phone Scoop on Facebook Follow on Instagram



All content Copyright 2001-2024 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.