Google cutting 4,000 jobs
NEW YORK (AP) – Google Inc. is making its largest round of layoffs ever as it announced plans to cut about 4,000 jobs at Motorola Mobility just 3 months after buying the struggling cellphone pioneer.
The move isn’t surprising given years of plummeting sales at Motorola, but it signals that Google doesn’t intend to drag Motorola along as a money-losing venture.
After the announcement, Google’s stock rose $18.01, or 2.8 percent, to close Monday at $660.01.
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