Google Motorola Layoffs: Google Inc (NASDAQ:GOOG) is not the type of company that is known for laying off a lot of people on a regular basis. However, just like many organizations, they are forced to do so from time to time for one reason or the next. It appears that this time has come for members of its Motorola Unit.
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The Wall Street Journal has reported that the search engine giant has become the layoff process for roughly 1,200 employees within its Motorola Mobility hardware unit. In other words, the company is laying off approximately 10 percent of employees in this division of the company.
Why is Google Inc (NASDAQ:GOOG) making such a big cut? In short, the company is looking for a way to return to profitability. With this in mind, it only makes sense to cut expenses by cutting employees.
Here is what the Wall Street Journal article had to say about the process:
“Motorola staffers were informed by the company via email this week that “while we’re very optimistic about the new products in our pipeline, we still face challenges.” The company email added that “our costs are too high, we’re operating in markets where we’re not competitive and we’re losing money.” The layoffs will affect workers in the U.S., China and India.”
As you can see, Google Inc (NASDAQ:GOOG) is not simply targeting employees working overseas. The company is also going to layoff many who are stationed in the United States.
A Motorola spokesperson added the following:
“These cuts are a continuation of the reductions we announced last summer. It’s obviously very hard for the employees concerned, and we are committed to helping them through this difficult transition.”
Although Google Inc (NASDAQ:GOOG) is not known for cutting jobs, the company was forced to do so this time around as a means of saving money on its quest to return to profitability.
The big question at this point: will the search engine giant be forced to make more cuts in the future? Only time will tell.
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DISCLOSURE: I have no positions in any stock mentioned.
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