How will Motorola Mobility layoffs impact home division?
Google (Nasdaq: GOOG) on Monday said it will slash 4,000 jobs at Motorola Mobility, which it acquired in May for $12.5 billion. The company didn't say how the cuts will impact Motorola's home division, which supplies cable operators with set-tops and other gear.
About two-thirds of the layoffs will occur outside the United States, with Motorola planning to shutter or consolidate about one-third of its 90 facilities, Google said in a Securities and Exchange Commission filing. the cuts will help "return Motorola's mobile devices unit to profitability, after it lost money in 14 of the last 16 quarters," Google said.
Some industry observers say Google may sell the home division. In June, Motorola Mobility announced that company president Dan Moloney and CTO Geoff Roman resigned, and that they would be replaced by former Charter Communications (Nasdaq: CHTR) executives Marwan Fawaz and Matt Bell. Fawaz was named EVP, and Bell was named CTO.
Officials at Motorola Mobility didn't respond Monday to requests for comment.
- see the SEC filing
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