Feeds

Motorola Mobility to sack 800 ahead of Google gobble

No in-office laundry or massages for you

The Essential Guide to IT Transformation

Motorola Mobility Holdings is firing some 800 staff ahead of being swallowed by search engine supertanker Google.

The $12.5bn bid for the maker of mobile phones and set-top devices was tabled by Google in August and the deal is expected to close by the end of this year or early next – subject to shareholder and regulatory approval.

In an SEC filing late on Friday, Motorola Mobility outlined the "workforce reduction action".

As part of the cost-cutting efforts, Motorola is rolling some 800 heads and will take a $31m restructuring on the nose in Q4 ended 1 January 2012, including $27m of severance costs and $4m facility exit costs.

"Both of the Company’s business segments (the Mobile Devices business and the Home business), as well as various corporate functions, are impacted by the action and the action affects employees globally," stated Motorola in the filing.

In results for the third quarter ended 1 October, Motorola Mobility made a net loss of $32m, a slight improvement on the $34m losses it posted a year earlier, on the back of sales of $3.26bn, a year-on-year rise of 10.5 per cent. ®

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.