Google are cutting down
4,000 jobs at Motorola Unit this is said to be the
largest round of layoffs ever as it announced. The move is done just three
month after buying the struggling cellphone pioneer. The move isn’t surprising
giving the challenging sales outcome at Motorola along as money losing venture.
After the announcement Google stocks raised by $18.01 0r 2.8
percent, to close Monday at $660.01. The reduction
represents about 20 percent of Motorola mobility’s
20,000 employees and seven
percent of Google overall work force. Google said two third of the job cuts
will take place outside the US Google branch which has been growing for more
than a decade, doesn’t have history of mass layoffs. In previous rounds of
layoffs, Google at most cut few hundred workers.
