Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Google Motorola Layoffs: Google Motorola Unit Layoff Update

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.

Google is one of the hedge fund industry’s most popular stock picks, and it’s always important to pay attention to the smart money (see just why here).

Google Inc (GOOG)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.

What are your thoughts on this? Share your opinion in the comment section below.

Check back here for more updates on Google Motorola Layoffs.

DISCLOSURE: I have no positions in any stock mentioned.

For more news stories, visit these pages:

Are America’s Tech Companies Good Investments?

A China-Google Cold War Intensifying?

Samsung’s KNOX to Improve Android Security?

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.