Corey Posted May 21, 2012 Share Posted May 21, 2012 Following China’s recent regulatory approval, Google’s $12.5 billion acquisition of Motorola Mobility is expected to close in the next two days. Motorola employees may not be celebrating, however. TechCrunch reported on Monday that layoffs will be hitting the manufacturer imminently. When Google purchased DoubleClick, the company had 1,600 employees, 40% of that which were laid off following the buyout. At the time Google’s acquisition was announced, Motorola Mobility had 19,000 employees. The struggling vendor has already laid off 800 employees as part of a restructuring plan, and now it looks like the company may be forced to go through another round of job cuts. Read View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.