WSJ Reports BlackBerry May Lay Off Up To 40% Of Its EmployeesBy cheatmaster 03:29 Sat, 17 Jul 2021 Comments
BlackBerry has hit hard times and there's talk of selling the company (the board is looking into it), even the patent portfolio was apprized to $2-3 billion. Whether or not the BlackBerry board will sell, there will be massive layoffs first as the company is looking to slit as much as 40% of its workforce, reports the Wall Street Journal.
The job cuts will occur "in waves," affecting workers across the board and will be done by the discontinue of the year. This won't be the first layoff, BlackBerry slit 5,000 jobs last year and is now standing at 12,700 employees according to the last official numbers. There were smaller layoffs earlier this year too.
The job cuts, along with closing down of manufacturing facilities, are part of CEO Thorsten Heins' plan to slit down the company's cost as quarterly reports have been in the red the last few quarters.
The company isn't standing still though all of this – it just announced the recent BlackBerry Z30 flagship and is moving to expand its reach with a BlackBerry Messenger app for Android and iOS.
BlackBerry isn't the only company going through tough change – Motorola, another down-on-its-luck tech giant, has undertaken a similar go earlier this year.
Please LOGIN or REGISTER To Gain Full Access To This Article