Motorola may be owned by Google now, but the company is still bleeding cash — and employees.
While Google has already spent a hefty sum restructuring Motorola, the company isn’t quite done yet.
Japanese TV and electronics manufacturer Sharp will soon cut more than 10,000 jobs, or 18 percent of its workforce. It is also in talks to sell three of its overseas plants to Chinese factory staple Foxconn.
Networking giant Cisco Systems plans to lay off 6,500 employees as part of a massive restructuring plan, the company announced Monday.
(UPDATED: See below.)