
I know where I'm applying when I get my degree.
Moderators: b1o, jkerr82508, dedanna1029
7:41am GMT
(Reuters) - Google's Motorola Mobility unit is to shed another 1,200 jobs or 10 percent of its workforce as the smartphone maker tries to return to profitability, Google said on Friday.
The lay-offs come on top of the 4,000 jobs cut at Motorola Mobility in August as Google seeks to make more smartphones and fewer simple handsets.
<snip>
Google bought the money-losing cellphone maker for $12.5 billion last year, its largest acquisition ever, aiming to use Motorola Mobility's armory of patents to fend off legal attacks on its Android mobile platform and expand beyond its software business.
But the acquisition raised concerns on Wall Street that Google was entering a business with much lower profit margins.