Google said Friday it will cut 1,200 more jobs at its Motorola Mobility division, following the announcement of 4,000 layoffs in 2012.
The new job cuts represent 10% of the struggling mobile device maker's staff.
"These cuts are a continuation of the
reductions we announced last summer," a Google spokeswoman said in a
statement. "It's obviously very hard for the employees concerned, and we
are committed to helping them through this difficult transition."
Google (GOOG, Fortune 500) has preached patience in its turnaround effort of Motorola. When the search giant completed its $12.5 billion purchase of Motorola
in May 2012, it inherited a product pipeline of about 18 months. That
means Google hasn't yet been able to release Motorola-branded
smartphones of its own design.
Meanwhile, Motorola's mobile business continues to bleed red ink. It lost $353 million in the fourth quarter
of 2012, and Google's Chief Financial Officer Patrick Pichette has said
he expects Motorola's financial results will be volatile "for quite
awhile."
(Jon Elswick / AP)
Hayley Tsukayama
Ramirez has served as an FTC commissioner since 2010.
Emi Kolawole
SXSW 2013 | The company let attendees play with new technologies at their SXSW event space.
Emi Kolawole
SXSW 2013 | The company introduced a 3D scanner as part of its 3D maker “ecosystem.”
Vijay Ravindran
SXSW 2013 | The Post’s Vijay Ravindran chronicles his hunt for the future of television.
Hayley Tsukayama
The agency said the defendants sent over 180 million spam texts in total.
Emi Kolawole
Will this be the year when the maker movement trumps apps and makes its mark?
Dominic Basulto
When it comes to today’s ideas festivals, it’s much like the film industry: there are indies and blockbusters.
Emi Kolawole
At least two of the capsules thrusters are back online, but its scheduled berthing with the space station has been delayed.
Ezra Klein
An interview with Jonathan Cohn, author of a fascinating new story
on whether IBM's Watson -- or its successor -- will eventually be your
doctor.
Emi Kolawole
Bill Gates and Mark Zuckerberg, along with other big names in tech, call for more students to learn code.
Forget Elon Musk or Al Gore. The biggest star of the South by
Southwest Interactive festival is less than a year old, sleeps all day
and looks like she just swallowed a hairball.
FULL STORY
"North Korean social media." In the famously restrictive country,
where people have almost no Internet contact with the outside world, it
sounds like an oxymoron.
Google said Friday it will cut 1,200 more jobs at its Motorola
Mobility division, following the announcement of 4,000 layoffs in 2012.
It's a spring break with a purpose: Ten days in Texas when the
entertainment and tech worlds collide on the neo-bohemian streets of
this Texas party town.
If you fast-forward a decade, classrooms and lessons might look a little different, according to Microsoft Chairman Bill Gates.
Pandora's stock soared after the company surprised Wall Street
investors on Thursday with better-than-expected quarterly sales and an
announcement that its CEO will be stepping down.
If Apple and Google debut streaming music services, they won't be
guaranteed success. The tech giants will be entering a field already
saturated with dozens of players, and industry experts say not everyone
will survive.
Hey kids! Forget trying to become a doctor or rapper or a football
star, not to mention all the teasing you may get in school for being a
nerd -- computers are where it's at.
Microsoft Chairman Bill Gates talks about computer coding, working from home and the future of technology.
Facebook on Thursday unveiled a News Feed revamp that will make
content more personalized and engaging. But the reason behind the
redesign -- advertising -- barely got a mention.
Facebook is rolling out a fresh design for its central page, the News Feed, at an event Thursday.
In South by Southwest Interactive, the tech-geek festival that begins
here Friday, some see a five-day spring break of sorts: a chance to
discover some buzzy new apps, catch a few panels and party alongside Web
celebrities, futurists and many, many bloggers.
These days, both violent video games and Congress have come under
fire in the media and the court of public opinion, albeit for different
reasons.
By John Gaudiosi, Special to CNN
Yahoo CEO Marissa Mayer received a $1.12 million cash bonus for her
half-year on the job in 2012 and restricted stock worth another $13.3
million, according to company filings.
Samsung agreed Wednesday to take an equity stake in embattled
Japanese tech company Sharp, which has been under pressure to improve
its financial position.