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BlackBerry layoffs to cost $400 million, quadrupling earlier estimates

BlackBerry’s cash reserves look set to take another hit. Bloomberg reports that BlackBerry said in a regulatory filing this week that laying off 4,500 workers — around 40% of its total workforce — will cost the company $400 million, or four times its original estimates. BlackBerry also says that it “plans to unload factories, manufacturing gear and property” as part of its larger cost-cutting plan, according to Bloomberg. BlackBerry last week reported second quarter results showing that the company recorded a GAAP operating loss of $965 million on sales of $1.6 billion, which marked a 49% year-over-year decline in revenues. The company has been

Quoted from BlackBerry layoffs to cost $400 million, quadrupling earlier estimates on Gadgets News Headlines – Yahoo! News

BlackBerry devices are down in sales and revenue, as CEO John Chen admitted the pany could stop selling phones entirely and focus on software and services. Ford plans to make major cuts to its workforce in 2017, this is a global move The executives hope to boost the profitability and stalled stock price, this is all according to multiple reports that A Canadian flag flies at 's headquarters in Waterloo, Ont., Tuesday, July 9, 2013. Fairfax Financial Holdings has offered buy Ltd. ron-based Fairfax is offering US$9 Tags: blackberry, timeline, look, back, 17 Biggest Mass Layoff Announcements bytemarks / Flickr This week Zynga shuttered three offices, leaving 520 employees at the gaming pany out of a job. Even though the job market has slowly been improving, are still a Als das erste Smartphone gilt der von BellSouth und IBM entwickelte und von Mitte 1994 bis Anfang 1995 in einem Teil der USA als „Personal municar“ vertriebene Simon. Vorreiter der Smartphone-Systeme war das PEN/GEOS 3.0

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