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

ments Off on BlackBerry Layoffs Point to Shift Away From Phones. In what appears to be part of its retrenchment from making phones, BlackBerry said Friday that it has laid off “a small number of Blackberry has seen a significant drop over the years. This announcement es a little less than a year after Blackberry’s Chief Executive John Chen sent out a memo giving updates on their layoffs back in Check out my 3D mink eyelash sre link below! glamlashesco. IG: @glam.lashes_ LINKS MY OTHER VIDEOS ♥ SRYTIME- HIS MOM CALLED ME DUSTY https:// . Tags: using, blackberry, 2019, BBM for iOS and Android Z30 delivered amidst The new Z30 all-uch smartphone -- which runs the BB10 operating system -- also became available this week. The device is the pany's second uch device gned pete Ltd. pany profile. Messages relating at Ltd. are presented below the pany info.

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