Google Puts 1,200 Motorola Jobs on the Chopping Block

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

In the fourth quarter, Motorola had revenues of $1.51 billion, a dip over previous quarters, and it reported a $353 million operating GAAP loss, according to TechCrunch. Google has moved its executives around to help run Motorola, but the company has yet to reverse its losses.

The stock market is roaring back in 2013. Click here now to discover winning stocks!

However, Motorola could be a particularly useful asset for Google in competing against other high-caliber mobile manufacturers running Android, such as Samsung. It’s no news that Google has been contemplating raising its stakes in the mobile market, and Motorola could be an ideal vehicle for that.

As of right now, Motorola still has about 10,000 employees on its payroll, and will likely continue to move and morph on its way to becoming profitable once again.

Investing Insights: Is Rackspace A Buy Now?

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business