As Google prepares to finalise its acquisition of Motorola Mobility, the company could be considering laying off some Motorola employees, a new report has suggested.
According to TechCrunch, and its unnamed sources, Google will launch a “listening tour” around Motorola to see what its employees do at the company. Based on that information, Google could decide to layoff some Motorola employees. TechCrunch didn’t say how many employees Google might layoff, but did say that the sources believe the decision could come “imminently”.
Google announced plans to acquire Motorola Mobility in August, for US$12.5 billion, representing a 63 per cent premium on the mobile firm’s share price at the time. Although the US Justice Department and European Union regulators approved the deal in February, Google didn’t get the go-ahead to close the acquisition until this past weekend, when China’s regulators gave it the green light.
In a filing overnight with the Securities and Exchange Commission, Motorola said that it expects to close the acquisition by Wednesday.
Google is, by no means, a stranger to layoffs. Back in 2008, for example, after acquiring online-advertising company DoubleClick, it announced that it had laid off 300 DoubleClick employees. That decision came just a few weeks after the deal closed.
“As with many mergers, this review has resulted in a reduction in headcount at the acquired company,” Google said in a statement, at the time. “Today, we are laying off some DoubleClick employees in the US, and placing others in transitional roles.”
This time around, Google declined a request for comment. CNET also contacted Motorola Mobility for comment and will update this story when we have more information.
Via CNET
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