Google Said To Cut About 4,000 Employees

Google Inc. plans to cut about 4,000 jobs at its Motorola Mobility Holdings Inc. unit, or about 20 percent of the staff at the company it bought earlier this year, according to a person familiar with the matter.

Two-thirds of the reductions will be outside the U.S., said the person, who declined to be identified because the matter isn’t public. Google is also shutting down about one-third of Motorola Mobility’s facilities, said the person. Motorola, which told employees yesterday of the cuts, will make the changes during the next few weeks, the person told folks at Bloomberg.

 “Motorola is committed to helping them through this difficult transition and will be providing generous severance packages, as well as outplacement services to help people find new jobs,” Motorola Mobility said in an e-mailed statement without specifying the number of job cuts…..

Wait…wait…there’s more at http://www.bloomberg.com/news/2012-08-13/google-said-to-cut-about-4-000-employees-in-its-motorola-unit.html