Monday, May 21, 2012

Google eyes layoffs in wake of Motorola Mobility buy, report says




As Google prepares to close its Motorola Mobility acquisition, the company could be considering laying off some of the mobile firm's employees, according to a new report.


TechCrunch is reporting today, citing sources, that Google will launch a "listening tour" around Motorola to see what its employees do at the company. Based on that information, Google could decide to lay off some Motorola employees. TechCrunch didn't say how many employees Google might layoff, but did say that the sources believe the decision could come "imminently."


Google announced plans to acquire Motorola Mobility in August for $12.5 billion, representing a 63 percent premium on the mobile firm's share price at the time. Although the U.S. Justice Department and European Union regulators approved the deal in February, Google didn't get the go-ahead to close the acquisition until this past weekend, when China's regulators gave it the green light.


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