NEW YORK (AP) — Google Inc. is making its largest round of layoffs ever as it announced plans to cut about 4,000 jobs at Motorola Mobility just three months after buying the struggling cellphone pioneer.
The move isn't surprising given years of plummeting sales at Motorola, but it signals that Google doesn't intend to drag Motorola along as a money-losing venture.
After the announcement, Google's stock rose $18.01, or 2.8 percent, to close Monday at $660.01.
The reductions represent about 20 percent of Motorola Mobility's 20,000 employees and 7 percent of Google's overall work force. Google says two-third of the job cuts will take place outside of the U.S.
Google, which has been growing for more than a decade, doesn't have a history of mass layoffs. In previous rounds of layoffs, Google at most had
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