Motorola to Cut 800 Jobs Ahead of Google Acquisition
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.
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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...