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
RE: Shouldn't compete with your customers
5/22/2012 11:06:46 PM
This is true! Look at what happened with 3dfx. They decided to make their own vidcards instead of being a chip vendor. Bigtime SNAFU that ended up with their bitter rival nVidia buying them out.
"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad
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
FDA Proposes Regulations, Health Warnings for Electronic Cigarettes
April 24, 2014, 9:00 AM
Apple Rakes in $10.2B Profit for Fiscal Q2; Announces 7-for-1 Stock Split
April 23, 2014, 4:39 PM
The Price is Right: OnePlus One Packs Hot Spec for Only $299
April 23, 2014, 3:37 PM
Google Unveils Solar Panel Lease Plan for Homeowners
April 23, 2014, 9:56 AM
Quick Note: Apple Invites Companies to “Copy” Its Environmental Record
April 22, 2014, 7:58 AM
OnePlus One Images Leak Ahead of April 23 Launch
April 21, 2014, 5:19 PM
Most Popular Articles
A Bug's Life: Female Cave Bugs Have Penises, Penetrate Males for Three Days
April 17, 2014, 7:20 PM
HTC Hires Former Samsung Marketing Chief Who Developed "Galaxy" Brand
April 18, 2014, 6:00 PM
NASA Finds "Habitable Zone" Planet Sized Similar to Earth
April 18, 2014, 3:13 PM
Mounties Arrest 19-Year-Old Who Delayed Canada's Tax Filing w/ Heartbleed
April 17, 2014, 3:24 PM
Thanks to Government Crackdown, Chinese "Porn Cop" Has Watched 600K Adult Videos
April 21, 2014, 12:00 PM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information