The struggling Google’s Motorola Mobility is laying off about 10 percent (or 1,200 job cuts) of its staff worldwide mainly from US, China and India as part of its latest round of cost-cutting efforts, reports The Wall Street Journal.
The letter emailed by Motorola to its staffer saying, “While we’re very optimistic about the new products in our pipeline, we still face challenges,” adding that “our costs are too high, we’re operating in markets where we’re not competitive and we’re losing money.”
A Motorola spokesman told The Journal that “These cuts are a continuation of the reductions we announced last summer. It’s obviously very hard for the employees concerned, and we are committed to helping them through this difficult transition.”
(Image Credit / Source: Flickr / Aray Chen)
Latest posts by Karan Chopra (see all)
- Weight Loss Research (Infographic) - December 4, 2013
- Things To Do In Dubai On A stopover - December 3, 2013
- Cyber Bullying: Could You Be Held Responsible For Your Child’s Bullying Ways? - December 3, 2013