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Google Confirms Motorola Mobility 4000 Layoffs

Tech Zulu Event

Google will however feel the layoffs. The firm will incur a severance-related charge of over $275 million, and restructuring charges due to the staff’s severance packages and job outplacement services for the 4000 employees its laying off at Motorola Mobility. Motorola annual financial report is here.

Layoffs 63
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10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

In my experience, even in startups, longer-term strategy often gets pushed off the agenda due to current challenges. Get outside the company regularly to get feedback on future customer needs, emerging technologies, and the views of influencers and experts in the field. Connect operations today with long-term goals.

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Inseego Aborts MiFi Sale, Launches Major Restructuring

socalTECH

According to Inseego, it has terminated its transaction with TCL--which has been stalled in regulatory review for over a year--and named both a new CEO and new Chairman of its board. Limited , and has embarked on a massive restructuring of the company. Inseego said it would immediately recommit to the Mi-Fi business. READ MORE>>.

Sales 113
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Bio Roundup: Theranos Cuts, Alnylam Stops, Nobel Eats Its Own & More

Xconomy

military’s high-tech think tank DARPA described Safe Genes, a new program to fund safety measures that can be built into genome editing technology or counter its potential wayward effects. —The 2016 Nobel Prize for Physiology or Medicine went to Yoshinori Ohsumi of the Tokyo Institute of Technology. —The U.S.

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Biotech Roundup: Moonshots, Pink Slips, Gilead, Brexit & More

Xconomy

To boost the initiative, which aims to speed the pace of cancer research, FDA said it would consolidate its cancer review divisions under the Oncology Center of Excellence. The technology was funded by the Department of Defense and comes from MIT’s Lincoln Lab. PureTech also bucked the Brexit fallout this week.