Google (GOOG) Plans Another Round of Cuts at Motorola
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Looks like Wall Street and retailers aren't the only ones making cuts lately.
Google (Nasdaq: GOOG) is planning to trim up to 1,200 positions from its Motorola Mobility unit, the WSJ reported Friday. The majority of cuts will come outside the U.S.
The $12.4 billion acquisition of Motorola by Google was completed last year, with 4,000 jobs being cut shortly thereafter.
A spokesperson for Motorola said the cuts were a continuation from last summer.
Google runs the world's most-used search engine, but questions have popped up recently about the company's ability to draw in revs outside of its core search ad business. Motorola would give Google a leg-up in building its own smartphone, though no plans have been announced yet.
Instead, Google co-founder Sergey Brin has been seen out-and-about sporting Google's latest contraption: Google Glass. The device is worn like a pair of glasses and allows the user a bit of augmented reality in that information is displayed in real time, rather than the user having to check a mobile device every so often for updates.
Google Glass is rumored to be going on sale sometime over the summer, with a starting price of $1,500 or less. No official announcement has been made.
Shares of Google are indicated higher Friday morning.
Google (Nasdaq: GOOG) is planning to trim up to 1,200 positions from its Motorola Mobility unit, the WSJ reported Friday. The majority of cuts will come outside the U.S.
The $12.4 billion acquisition of Motorola by Google was completed last year, with 4,000 jobs being cut shortly thereafter.
A spokesperson for Motorola said the cuts were a continuation from last summer.
Google runs the world's most-used search engine, but questions have popped up recently about the company's ability to draw in revs outside of its core search ad business. Motorola would give Google a leg-up in building its own smartphone, though no plans have been announced yet.
Instead, Google co-founder Sergey Brin has been seen out-and-about sporting Google's latest contraption: Google Glass. The device is worn like a pair of glasses and allows the user a bit of augmented reality in that information is displayed in real time, rather than the user having to check a mobile device every so often for updates.
Google Glass is rumored to be going on sale sometime over the summer, with a starting price of $1,500 or less. No official announcement has been made.
Shares of Google are indicated higher Friday morning.
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