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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

SAP Canada is laying off more than 79 employees in Ontario, B.C., and Quebec as part of a global restructuring effort, SAP confirmed with IT World Canada. 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, layoffs 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 Tags: smartphone, wikipedia, Verizon To Be Sold on This explains the reduce headcount and it also explains why Verizon switched Gmail for the work email server which is odd considering Verizon owns Yahoo.

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