Google says Motorola layoff costs more than expected

News Wireless Global 5 OKT 2012
Google says Motorola layoff costs more than expected
Google has confirmed in a filing with the SEC that cuts associated with the restructure of Google has confirmed in a filing with the SEC that cuts associated with the restructure of Motorola Mobility will be greater than expected, reports the New York Times. The filing indicated that Google will spend USD 300 million on severance and other charges related to job cuts, up by USD 25 million from the USD 275 million originally estimated for the layoff costs. The number of job losses will not increase from the 4,000 already announced. It will also spend USD 90 million to close offices and plants and exit certain markets, leaving more areas outside the US than originally planned. Google said that the USD 300 million charge, and USD 40 million of the USD 90 million charge, would affect its Q3 earnings.

Categories:

Mobile

Companies:

Google,  Motorola Mobility

Regions:

Global

Tags:

Production planning & operations, Staff, Devices, Company, Consumer devices, Corporate, Handsets, M&A buyouts & divestments

Related Articles

GLOBAL 8 MRT 2013

Motorola to cut 10 percent of workforce - report

Motorola Mobility has informed staff that it started laying off around 1,200 workers, or over 10 percent of its total workforce, on top of the 20 percent job reduction announced in August 2011, reports the Wall Street Journal, citing an internal e-mail. The company told staff that its costs are too high, it is operating in markets where it is not competitive and it is losing money. The latest round of job cuts will affect employees in the US, India and China. Parent company Google said Motorola had 11,113 e

FRANCE 27 DEC 2012

Motorola Mobility starts talks to close Toulouse R&D site

Motorola Mobility is considering closing its site in Toulouse where 170 employees work on mobile phone and tablet R&D, reports La Depeche du Midi. The group confirmed to the newspaper that preliminary talks were underway with workers' representatives but that nothing had been decided yet. The eventual closure would be part of the plan announced by parent company Google in August to reduce Motorola Mobility's worldwide workforce by 20 percent, or 4,000 jobs. Motorola Mobility owns another site in France, in

GLOBAL 17 OKT 2012

Motorola Mobility deploys DOCSIS SCDMA in Latin America

Motorola Mobility has deployed DOCSIS Synchronous Code Division Multiple Access (SCDMA) technology at Cablevision Mexico in Latin America and is in the first stages of testing at Norwood Light Broadband in North America. Leveraging the BSR 64000 Cable Modem Termination System/Edge Router and its high-density Rx48 Decoupled Upstream Module, the DOCSIS SCDMA technology allows large and small cable operators to extend the spectrum that may be utilised in the limited upstream portion of the HFC network, enhanci

UNITED STATES 10 OKT 2012

Motorola Mobility, TVC offer Carrier Ethernet portfolio

Motorola Mobility is working with Wesco International's subsidiary, TVC Communications, to offer its Carrier Ethernet portfolio, an end-to-end component system designed to give service providers a competitive advantage for the advanced business services and mobile backhaul market. Motorola's Carrier Ethernet portfolio includes a series of aggregation switches, customer premises demarcation products, a service management platform, and a 10 Gbps Carrier Ethernet switch designed for deployment in the HFC fibre

GERMANY 6 OKT 2012

Google wins patent infringement case filed by Microsoft

The Mannheim Regional Court in Germany has ruled that Google's Motorola Mobility Holdings division does not infringe on a patent held by Microsoft, according to The Wall Street Journal. The lawsuit concerned a radio interface patent making app use for consumers easier. Microsoft has not commented on whether it will appeal against the court's decision but Microsoft Corporate Vice President David Howard said in a statement that the 05 October ruling will not impact the three injunctions Microsoft was previous

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.