Feeds

Motorola Mobility to sack 800 ahead of Google gobble

No in-office laundry or massages for you

Build a business case: developing custom apps

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. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
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.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.