Even if you know the name Motorola, the name Motorola Mobility Ventures may still be a little bit foreign to you. So before we talk about the job cuts that are being made by the organization, we are going to get up to speed by taking a look at how the organization has chosen to describe itself, “Motorola Mobility Ventures identifies the early-stage companies that are developing cutting-edge technology that can help drive our vision of advancing communications, and forms long-term alliances providing business and technology expertise. We are actively engaged in driving the success of our partner companies and ensure their meaningful engagement with Motorola and its entire ecosystem.” That division was recently bought by Google in a move to improve its Android platform offerings.
Sadly the company is getting ready to cut back on about 500 jobs as they cut back on the operations. Normally job cuts of this size are enough to qualify as a mass layoff action. For those of you who are not familiar with the idea of a mass layoff action here is a look at how the federal government defines the term, “The Mass Layoff Statistics (MLS) program collects reports on mass layoff actions that result in workers being separated from their jobs. Monthly mass layoff numbers are from establishments which have at least 50 initial claims for unemployment insurance (UI) filed against them during a 5-week period. Extended mass layoff numbers (issued quarterly) are from a subset of such establishments—where private sector nonfarm employers indicate that 50 or more workers were separated from their jobs for at least 31 days.” In this case however the job cuts will not be a mass layoff action, as the company is shuttering its operations in South Korea.
The company made job cuts back in October in order to cut back on its expenses, it a second round of cuts since the company was purchased by search giant Google, “Sadly the company is getting ready to add another twenty percent to those job cuts. The cuts are going to have a serious impact on the workers of the company. As they are getting ready to, as part of the plan, they are going to close about one third of the company’s facilities.”
For those of you who missed out on the coverage of the earlier cuts made to this division here is an excerpt that will get you up to speed on the previous cuts, “Sadly the company will be cutting back on a large number of jobs. The company is getting ready to trim out 4,000 jobs from the payrolls in order to cut back on their expenses. The losses will be one third of the total of the locations will be cut. This means the loss of about 30 facilities from the company when all is said and done. While, for the time being the company has not outlined where exactly the job cuts are coming from, or how many locations will be feeling the heat from the job cuts…”
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Motorola Mobility Ventures to Cut Jobs Again