| Google Inc's Motorola Mobility unit has suspended operations in India indefinitely and also slashed 76 jobs here as part of its cost cutting restructuring programme globally, the Wall Street Journal reported today. Globally, the smartphone maker has begun slashing 1,200 jobs or 10 percent of its workforce as it tries to return to profitability. ![]() The layoffs will affect workers in the United States, China and India, according to the Journal. Motorola has suspended production at its facility near Chennai since the end of February, the report quoted the company spokesperson as saying who refused to divulge the total headcount in India. The internal email published by the Journal said: "Our costs are too high, we're operating in markets where we're not competitive and we're losing money." Google bought the money-losing cellphone maker for $12.5 billion last year – its largest acquisition ever – aiming to use Motorola Mobility's patents to fend off legal attacks on its Android mobile platform and expand beyond its software business. The acquisition raised concerns on Wall Street that Google was entering a business with much lower profit margins. Motorola Mobility was created in 2011 when US-based Motorola Inc split the company into a mobile devices unit and a government and public safety division known as Motorola Solutions. Firstpost encourages open discussion and debate, but please adhere to the rules below, before posting. Comments that are found to be in violation of any one or more of the guidelines will be automatically deleted: Personal attacks/name calling will not be tolerated. This applies to comments directed at the author, other commenters and other politicians/public figures Please do not post comments that target a specific community, caste, nationality or religion. While you do not have to use your real name, any commenters using any Firstpost writer's name will be deleted, and the commenter banned from participating in any future discussions. Comments will be moderated for abusive and offensive language. via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFRw9QATcVe8PqyTuQVC9sjhKhfpQ&url=http://www.firstpost.com/business/googles-motorola-unit-suspends-india-ops-cuts-76-jobs-653370.html | |||
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Friday, 8 March 2013
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