Monday, May 21, 2012

Google eyes layoffs





According to CNET as Google prepares to close its acquisition of Motorola Mobility, the company could be considering laying off some Motorola employees, a new report suggests.

According to TechCrunch and its unnamed sources, 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.
In a filing today with the Securities and Exchange Commission, Motorola said that it expects to close the acquisition by Wednesday....
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