Google says more cuts at Motorola likely

by Robert Nazarian on
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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. Motorola 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

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