Remember when Google announced they were buying Motorola? We don't talk about it too much these days, but it was a pretty big deal way back when. We even wondered whether device manufacturers might wander over into the loving embrace of other operating systems should a Google-Motorola duopoly arise. In the end, we think the buyout was more about patents than anything else. But now we see the buyout will also lead to some structural adjustments over at Motorola (ie: layoffs).
Unfortunately, the buyout has not been kind to Motorola employees. In anticipation of the acquisition, Motorola has cut some 800 jobs. It's really all the company can do to keep from sliding further into the red; Motorola is still bleeding cash, though its loss narrowed to $32 Million, or 11 cents a share, from a loss of $34 million a year earlier.
Cutting employees will end up hurting Motorola in the short term: the company reported a loss of $27 million in severence and $4 million for facility closures.
Related:
Google Behind Closed Doors: Why There's Reason to Worry About a Google-Motorola Monopoly
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