“Google Inc revised up the bill for job cuts at its money-losing Motorola Mobility mobile phone unit in the third quarter and warned of further restructuring that may result in ‘significant’ additional charges,” Reuters reports.
“Google raised its estimates for severance-related charges 9 percent to $300 million from $275 million and warned it faced another $40 million in other costs in the quarter to quit facilities and markets,” Reuters reports. “Google bought Motorola last year for $12.5 billion, with the aim of bolstering its patent portfolio in the intellectual property fight its Android mobile system faces with rivals Apple Inc and Samsung Electronics Co Ltd.”
MacDailyNews Take: It would have been cheaper, not to mention less evil, to have kept working on knocking off BlackBerry instead of switching to iPhone.
Reuters reports, “But the Internet search giant has found itself lumbered with a restructuring headache, saying in August it would cut 20 percent of the Motorola Mobility workforce as it moves to make more smartphones and fewer simple mobiles… Last year’s purchase of Motorola raised investor concerns at the time that the software firm was buying into a hardware business with much lower profit margins and in which it had little experience.:
Read more in the full article here.
Here’s what Google’s Android looked like before and after Apple’s iPhone:
MacDailyNews Take:
