While Motorola already announced in the summer that it is cutting around 20 percent of its workforce (roughly 4,000 jobs), a filing with the Securities and Exchange Commission today revealed the company plans to cut even more jobs. According to the filing, picked up by CNET, Google will increase severance-related costs 9 percent to $300 million, as well as incur another $40 million in related charges this quarter. Google provided the following statement in the filing in regards to the job cuts that remain outside of the U.S. at this point:
“Google Inc. expects to incur certain charges in connection with planned restructuring actions at its wholly-owned subsidiary Motorola Mobility (Motorola),” said the company’s senior vice president and CFO Patrick Pichette. “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.”
As for where the cuts might take place, The New York Times previously reported that Motorola, which was unprofitable for 14 of its last 16 quarters, planned to reduce its operations in Asia and India. Google also warned that further restructuring might be necessary and significant costs could be involved:
“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.