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August 13, 2012 02:22 pm GMT
With Google's $12.5 billion acquisition of Motorola Mobility closing in May, Google is now moving ahead on getting its new property in order. The New York Times is reporting that Google is preparing lay off 20 percent of the staff, or 4,000 jobs, and close one-third of its 94 worldwide offices --notifications of which will start to get sent out to employees beginning today (Monday), TechCrunch has learned.(Update: Google has now posted an8-K formconfirming the cuts and closures, with the SEC noting a charge of up to $275 million for the cuts, initially coming in the third quarter, but also forebodingly noting that additional future charges for a bigger plan to overhaul the business "could be significant". More details below)
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KaoohF7qTAY/
Goodbye Moto: Google Will Send Out 4,000 Motorola Pink Slips Starting Today, Part Of Bigger Overhaul
With Google's $12.5 billion acquisition of Motorola Mobility closing in May, Google is now moving ahead on getting its new property in order. The New York Times is reporting that Google is preparing lay off 20 percent of the staff, or 4,000 jobs, and close one-third of its 94 worldwide offices --notifications of which will start to get sent out to employees beginning today (Monday), TechCrunch has learned.(Update: Google has now posted an8-K formconfirming the cuts and closures, with the SEC noting a charge of up to $275 million for the cuts, initially coming in the third quarter, but also forebodingly noting that additional future charges for a bigger plan to overhaul the business "could be significant". More details below)Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KaoohF7qTAY/
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