Motorola Mobility to cut 4,000 jobs
Motorola Mobility, a cell phone maker company owned by Google, plans to cut 4,000 jobs.
They also plan to close about one-third of its 90 facilities. These cuts are the result of declining profits. Google said two-thirds of the job cuts will happen outside of the U.S.
The company expects to pay a severance-related charge of $275 million.