Find the latest episode of "The Uncertain Hour" here. Listen

Motorola Mobility to lose 20% of its workforce

Marketplace Contributor Aug 13, 2012
HTML EMBED:
COPY

Motorola Mobility to lose 20% of its workforce

Marketplace Contributor Aug 13, 2012
HTML EMBED:
COPY

Jeremy Hobson: Google announced this morning it will lay off 4,000 people. They’re all employees of Motorola Mobility, which Google recently bought. The layoffs account for 20 percent of Motorola Mobility’s workforce.

Marketplace’s Heidi Moore reports.


Heidi Moore: Sometimes, when two companies combine, it’s a story of growing together and building something new. And sometimes, it doesn’t exactly seem like true love.

Henry Blodget: When Google said it was buying Motorola, a lot of people said: “Well, this is just for the patents.”

Henry Blodget is the CEO of Business Insider. He says Google surprised even itself when it shacked up with Motorola.

Blodget: It became clear over the process of closing the deal that Google actually wants to make smartphones and tablets, and as soon as that became clear, the next conclusion was that Google was going to have to restructure Motorola, and that’s what they’re doing.

Many of Motorola’s competitors, including Research in Motion and Nokia, have struggled to keep up. Google hopes it can infuse Motorola’s designs with its own software. We’ll have to see whether it’s a match that will stand the test of time.

In New York, I’m Heidi Moore for Marketplace.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.