Google Completes Acquisition of Motorola Mobility, Layoffs Likely
May 22, 2012 11:47 AM
comment(s) - last by
Neither Google nor Motorola have confirmed the possible upcoming layoffs
Google has finally closed its $12.5 billion
acquisition of Motorola Mobility
, with China approving the deal just this past weekend.
Motorola is in a pretty tough spot right now. Earlier this month, the company reported a
fifth straight quarter of losses
, which included a net loss of $86 million USD for Q1 2012. In previous consecutive quarters, Motorola reported net losses in the low $80 million area. Motorola is having a hard time likely because of its inability to keep up with other Android-powered phonemakers like
Samsung and HTC
"I'm excited to announce today that our Motorola Mobility deal has closed," said Larry Page, Google CEO. "Motorola is a great American tech company that has driven the mobile revolution, with a track record of over 80 years of innovation, including the creation of the first cell phone. We all remember Motorola's StarTAC, which at the time seemed tiny and showed the real potential of these devices. As the company who made a big, early bet on Android, Motorola has become an incredibly valuable partner to Google."
Google also announced today that Motorola Mobility CEO Sanjay Jha has stepped down and Google executive Dennis Woodside will take over.
However, the deal closing may also mean layoffs for other Motorola Mobility employees in the near future. According to
, layoffs could be on the list of things to do after the deal closes.
But Motorola has already gone through restructuring since the announcement of the Google acquisition last year. When the announcement went public, Motorola had 19,000 employees. In fall 2011, about 800 employees were laid off.
Neither Google nor Motorola have confirmed the possible upcoming layoffs, but
noted that Google had previously ordered a 40 percent cut of DoubleClick staff when it acquired the company and its 1,600 employees. This could be a similar situation.
This article is over a month old, voting and posting comments is disabled
This will be interesting to see...
5/22/2012 12:32:45 PM
how this works out. Moto has had some pretty bad steps lately, but definitely has the potential to make some great products. Looking forward to the Razor HD. Thin, large high def screen, battery from the maxx, snapdragon krait. this could be the one to buy.
RE: This will be interesting to see...
5/22/2012 1:30:58 PM
My Atrix is an example of both. The car dock you can buy for it is a great idea that works really well. However, the antenna on it is horrible. I can physically see the 1000 ft AT&T tower where I'm sitting right now and I still don't get 5 bars on the phone whereas my Blackberry always got 5 bars.
"This is about the Internet. Everything on the Internet is encrypted. This is not a BlackBerry-only issue. If they can't deal with the Internet, they should shut it off." -- RIM co-CEO Michael Lazaridis
Motorola Bleeds More Cash as it Waits for Google to Save It
May 2, 2012, 2:02 PM
IDC: Apple and Samsung Steadily Climb as Nokia, HTC, and RIM Plummet
May 1, 2012, 2:53 PM
UPDATE: Google to Acquire Motorola Mobility, Gain Huge Patent Portfolio
August 15, 2011, 7:45 AM
Call-capable Samsung Gear S Smartwatch Launches Nov 7 in U.S.
October 30, 2014, 12:45 PM
Lenovo Completes $2.91B Acquisition of Motorola
October 30, 2014, 11:57 AM
Samsung Electronics Q3 Profit Falls by 60%, Mobile Division Sees 74% Profit Decline
October 30, 2014, 10:10 AM
Microsoft's $199 Fitness Band Packs in 10 Sensors, Works with Windows Phone, iOS, and Android
October 30, 2014, 8:58 AM
Google’s Project Ara Modular "LEGO" Smartphone Shown Booting Up on Video
October 29, 2014, 5:28 PM
After Touting Security, Privacy Controls, MCX/CurrentC Hack Exposes Customer Email Addresses
October 29, 2014, 3:08 PM
Most Popular Articles
Amid Theater Boycott Netflix Defiantly Plans New Movies, Plus 3 TV Shows for 2015
October 24, 2014, 7:30 PM
AT&T Defeats Purpose of New Apple SIM, Locks iPad Air 2 SIMs to Its Network
October 24, 2014, 2:17 PM
CVS, Rite Aid Kill Unofficial Apple Pay Support, Burn Google Wallet Users in the Process
October 25, 2014, 5:26 PM
1 Million Credit Card Activated on Apple Pay Within 72 Hours, Walmart CEO Hopes Visa "Suffers"
October 28, 2014, 8:17 AM
Microsoft's Figures Show Desktop Users Flocking to Windows 10 Preview
October 27, 2014, 11:04 AM
Latest Blog Posts
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information