Even as it prepares to be acquired by Google, Motorola Mobility is preparing to make some job cuts in order to save money. The smartphone and tablet marker announced in a federal regulation filing today that it plans to cut 800 jobs in the current quarter, according to Business Week.
A spokeswoman for Motorola Mobility said the cuts were not related to the upcoming $12.5 billion Google buyout which was first announced last August; Motorola recorded a $32 million loss in its latest financial results. Meanwhile, the company's shareholders will vote on the Google proposal on November 17.
It's never good when someone loses their job and it has to hurt even more to lose that position before a company is acquired by a larger organization. However, Motorola is still losing money, even with the launch of some highly anticipated phones, including the high end Android smartphone the Droid Bionic last September and it has also seen poor shipment number of its Motorola Xoom tablet device.
Motorola is prepping to launch its next major product, the Droid RAZR, via Verizon on November 6. The company clearly hope that this new Android-based smartphone with a thin design combined with the relaunch of its popular RAZR brand will serve as a boost to its sales, even as other Android-based smartphones and, of course, Apple's iPhone 4S compete in the currently very crowded smartphone marketplace.