Motorola Mobility To Reduce Staff By 4,000
Source: Aaron Smith / CNN Money
NEW YORK – Cellphone maker Motorola Mobility, which is owned by Google Inc., will reduce its staff by 4,000 jobs, or one-fifth of its total workforce.
Two-thirds of these job cuts will occur outside the U.S., Google said Monday in a document filed with the Securities and Exchange Commission.
Google (GOOG, Fortune 500) also said Motorola Mobility will close or consolidate about one-third of its 90 facilities.
The company said the changes are aimed at returning Motorola Mobility to profitability after losing money in 14 of the past 16 quarters.
To read this article in its entirety visit CNN Money.
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