Google to Fire 20% of Motorola Mobility's Staff
Google decided to lay off 20% of Motorola Mobility’s staff. That’s about 4,000 people who will lose their jobs.
Mountain View-based search engine giant Google entered an agreement to acquire cell phone and electronics maker Motorola Mobility for 12.5 billion back in February. Then in May the company announced that the deal to acquire Motorola Mobility has been closed. Google co-founder and CEO Larry Paige said at the time:
“I’m happy to announce the deal has closed. Motorola is a great American tech company, with a track record of over 80 years of innovation. It’s a great time to be in the mobile business, and I’m confident that the team at Motorola will be creating the next generation of mobile devices that will improve lives for years to come.”
Following the official closure of the acquisition, Sanjay Jha stepped down as CEO of Motorola Mobility and Dennis Woodside, former President of Google’s Americas region was appointed as the new CEO. Sanjay Jha remained on board to ensure a smooth transition.
Now that Google is in charge of Motorola Mobility, it decided to get its new property in order and lay off unnecessary staff. Google decided to lay of 20% of Motorola Mobility staff, meaning that 4,000 employees will get a pink slip pretty soon – Google did not say when it will start to send out layoff notices; it did say that it expects to incur a severance-related charge of no greater than $275 million. To put in other words, it will cost Google some $275 million to layoff 4,000 Motorola Mobility employees.
Speaking about employees, it has recently come to light that Google takes care of an employee’s family even after that employee dies. When a Google employee dies, the company pays the spouse half that employee’s salary for a period of 10 years. To any surviving children, the company pays $1,000 per month – this amount is paid until the child turns 19 or until 23 if the child is in full-time education.
Tags: Google, Motorola Mobility, acquisition, layoff, job
Mountain View-based search engine giant Google entered an agreement to acquire cell phone and electronics maker Motorola Mobility for 12.5 billion back in February. Then in May the company announced that the deal to acquire Motorola Mobility has been closed. Google co-founder and CEO Larry Paige said at the time:
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“I’m happy to announce the deal has closed. Motorola is a great American tech company, with a track record of over 80 years of innovation. It’s a great time to be in the mobile business, and I’m confident that the team at Motorola will be creating the next generation of mobile devices that will improve lives for years to come.”
Following the official closure of the acquisition, Sanjay Jha stepped down as CEO of Motorola Mobility and Dennis Woodside, former President of Google’s Americas region was appointed as the new CEO. Sanjay Jha remained on board to ensure a smooth transition.
Now that Google is in charge of Motorola Mobility, it decided to get its new property in order and lay off unnecessary staff. Google decided to lay of 20% of Motorola Mobility staff, meaning that 4,000 employees will get a pink slip pretty soon – Google did not say when it will start to send out layoff notices; it did say that it expects to incur a severance-related charge of no greater than $275 million. To put in other words, it will cost Google some $275 million to layoff 4,000 Motorola Mobility employees.
Speaking about employees, it has recently come to light that Google takes care of an employee’s family even after that employee dies. When a Google employee dies, the company pays the spouse half that employee’s salary for a period of 10 years. To any surviving children, the company pays $1,000 per month – this amount is paid until the child turns 19 or until 23 if the child is in full-time education.
Tags: Google, Motorola Mobility, acquisition, layoff, job
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Google to Fire 20% of Motorola Mobility's Staff
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