Google to cut 20 percent of Motorola's staff
By The Week Staff | August 13, 2012
At $799, The Motorola Xoom tablet (pictured) can't compete on price with the $499 iPad 2.
Corbis
I
n the first large-scale layoffs in Google's 13-year history, the search giant will cut 4,000 jobs at Motorola Mobility, or 20 percent of its workforce. The move is intended to help streamline the "unprofitable" wireless phone and tablet maker, which Google acquired in May through a $12.5 billion deal. Motorola has spent 14 of the past 16 quarters in the red. Google expects severance-related costs to run as high as $275 million.
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