Google revealed on Thursday that it is planning to "broaden" its restructuring of Motorola Mobility, which it officially acquired for $12.5 billion back in May. "Motorola has continued to refine its planned restructuring actions and now expects to broaden those actions to include additional geographic regions outside of the U.S.," Google announced in a filing with the Securities and Exchange Commission.
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The search giant announced in August that it planned to cut 4,000 jobs from Motorola Mobility, or roughly 20% of the workforce, and shutter a third of Motorola Mobility's offices. For Google, the job cuts are part of an effort to make Motorola Mobility more focused and profitable.
While Google did not indicate how many more jobs would be on the chopping block, the company now estimates that it will incur $300 million in severance charges, up from its estimate of $275 million in August.
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Google's stock was up slightly by about half a percent in early trading Thursday.
This story originally published on Mashable here.
- Motorola Mobility