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Google to Pare a Fifth of Motorola Mobility Work Force

Google Inc. (GOOG) on Monday said it will reduce Motorola Mobility's work force by about 20% to help streamline the money-losing wireless phone maker.The cuts, aimed at returning Motorola's once-dominant mobile devices unit to profitability after the business spent 14 of the past 16 quarters in the red, comes as analysts speculate Google also is considering a spinoff of its home TV business, which mostly provides set-top boxes and other equipment to cable providers.The company sees severance-related charges of up to $275 million, most of which will be booked in the third quarter. The remaining severance-related costs will be recognized by the end of 2012.Google warned Monday that "investors should expect to see significant revenue variability for Motorola for several quarters" and that in addition to severance costs, it expected to incur more restructuring charges, which "could be significant." It will likely take longer for Motorola to trim expenses than it will for the company's top ...

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  10. Report: Google to Launch Competitor to iTunes Music Store

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  11. Motorola Mobility Posts 4Q Profit,Braces For IPhone

    NEW YORK -(Dow Jones)- Motorola Mobility Holdings Inc. (MMI) Wednesday said it posted a profit in the fourth quarter and continued to gain ground in the smartphone b...

  12. Motorola Mobility Posts 4Q Profit, Braces For IPhone Launch

    NEW YORK -(Dow Jones)- Motorola Mobility Holdings Inc. (MMI) Wednesday said it posted a profit in the fourth quarter and continued to gain ground in the smartphone b...

  1. Google To Pare A Fifth of Motorola Mobility Work Force

    Google Inc. (GOOG) on Monday said it will reduce Motorola Mobility's work force by about 20% to help streamline the money-losing wireless phone maker.The cuts, aimed...

  2. Google to Cut 20% of Motorola Mobility Staff, Close or Consolidate 30 Facilities

    Google Inc. (GOOG) is cutting about 20% of Motorola Mobility's work force, a move the phone maker said is designed to return its mobile devices unit to profitability...

  3. Google to Cut 20% of Motorola Mobility Staff, Close or Consolidate 30 Facilities

    Google Inc. (GOOG) is cutting about 20% of Motorola Mobility's work force, a move the phone maker said is designed to return its mobile devices unit to profitability...

  4. Google Appoints New Motorola Mobility CEO

    Google Inc (NASDAQ:GOOG) completed its $12.5 billion purchase of Motorola Mobility Holdings Inc and named a new chief executive for the cellphone maker, who vowed to...

  5. HTC: Where Innovation Is Bought (And That’s a Good Thing)

    HTC’s is the Cinderella story of the mobile market — they’ve gone from low-key provider of Windows Mobile hardware to Android-powered smartphone titan within the spa...

  6. Should RIM Sell its Handset Business?

    Jaguar Financial CEO Vic Alboini argues that, along with changing the leadership at Research in Motion, the company should also sell its handset business to focus on its service business.

  7. Motorola Mobility revenue misses, net loss narrows

    By Sinead CarewMotorola Mobility Holdings Inc's <MMI.N> third-quarter revenue rose at a slower pace than Wall Street estimates as it shipped fewer smartphones than e...

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