Google says more cuts at Motorola likely

Google warned that further cuts and restructuring at Motorola is likely, and raised estimates for severance-related charges for the third quarter. The estimate is now $300 million, up from $275 million, but they also warned about the possibility of another $40 million in other costs.

Motorola has continued to refine its planned restructuring actions and now expects to broaden those actions to include additional geographic regions outside of the U.S.┬áMotorola continues to evaluate its plans and further restructuring actions may occur, which may cause Google to incur additional restructuring charges, some of which may be significant,” Google said.

source: reuters