If you haven’t heard the news, Chinese regulators have finally approved the acquisition that would see Google acquiring Motorola. It should all be in the books by the the end of this week as this was their last hurdle for closing the $12 billion deal. Most would think this is cause for celebration, but one group of people may not be rejoicing when it’s all said and done.
TechCrunch has apparently gotten word that Motorola and Google will be laying off around 30% of Motorola’s employees sometime after the sale is complete. That exact figure has since been removed, but the post still suggests layoffs will happen.
It’s an ugly part of business, but when two companies come together like the way Google and Motorola have, among many others, it happens. Whether it be due to efficiency, financial troubles, or other reasons for downsizing, it happens. We’ll know before too long if any of this is true, but for now it’s just a rumor.