Telecom & Wireless

Google to Fire 4,000 from Motorola

Google Inc. (NASDAQ: GOOG) will cut 4,000 Motorola workers now that the buyout of the handset maker is complete. Media outlets claim the cuts will come because Google only wants to build smartphones and that other handset development at Motorola will end. Google needs to bring down costs at Motorola if it expects the hardware operation to make money.

Research shows that the only two corporations making money in the smartphone industry are Samsung and Apple Inc. (NASDAQ: AAPL). The market share of former stars such as HTC have begun to erode. Google will need to move up a steep incline to avoid what many analysts call a two-horse race.

Douglas A. McIntyre

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.