(NEW YORK) — Google will remake Motorola Mobility, the cellphone maker it bought this year, beginning with job cuts.
The search engine giant plans to lay off 20 percent of Motorola Mobility’s workforce and close a third of its worldwide offices. One third of the 4,000 job cuts will be in the U.S.
The cellphone maker has suffered from a slide in market share, losing out to Samsung and Apple, the dominant players in the global market.
The New York Times reports “the turnaround effort will also be a referendum on the management of Larry Page, Google’s chief executive, whose boldest move has been the $12.5 billion acquisition.”
Under its new management, the company is said to be cutting back on the number of different phones it makes and ending production of low end devices.
Copyright 2012 ABC News Radio
Paul R. La Monica, CNN
Patrick Ary, WAAY
Jackie Wattles, CNN
Parija Kavilanz, CNN