Motorola Mobility, a company owned by Google, said it had begun the process of laying off 1,200 workers in the United States, China and India.
The company's revenues in the fourth quarter of 2012 were down 40 percent from the same period a year earlier, falling from $2.5 billion to $1.5 billion, Sun-Times media reported Friday.
Motorola Mobility lost $353 million October through December, Google said.
Besides the layoffs, Motorola intends to move 2,800 workers from its headquarters in Libertyville, Ill., to Chicago's Merchandise Mart, the newspaper said.
Most Popular Stories
- SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
- Social Media Initiatives Should Follow Customers' Lead
- Apple CEO: Offshore Units Not a 'Tax Gimmick'
- U.S. Senate Accuses Apple of Large-scale Tax Avoidance
- UTEP Water Recycling Project Wins Venture Titles
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- Bieber Booed at Billboard Awards
- Crude Oil Up, Gasoline Down
- Austin Startup Compare Metrics Raises $3.5 Million for Expansion
- Why So Many Top 'Car Guys' Are Actually Women