Google Inc.-owned Motorola Mobility will layoff 700 of its 3,000 employees in Chicago and Libertyville, the digital communications company disclosed today. The company is set layoff 4,000 employees from its 20,000-person global workforce.
The layoffs come just two weeks after Motorola Mobility announced that it was moving its Illinois jobs from Libertyville to Chicago.
As Progress Illinois has reported, Motorola Mobility gets more than $10 million a year in tax credits from the state for simply retaining 2,500 workers in Illinois. A Motorola Mobility spokeswoman told the Chicago Tribune that the tax credit would be suspended because the company will go below the 2,500-worker threshold outlined in the deal.