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Friday, 09/20/2013 3:57:08 PM

Friday, September 20, 2013 3:57:08 PM

Post# of 28442
BlackBerry Plans to Cut 4,500 Jobs
OTTAWA — BlackBerry, the embattled smartphone maker, said on Friday that it would lay off 4,500 employees and that it would report a quarterly loss between $950 million and $995 million next week. The layoffs will eliminate about 40 percent of the company’s worldwide workforce.

The loss is mainly the result of a write-off of unsold BlackBerry phones, as well as $72 million in restructuring charges. The company said that it would discontinue two of the six phones it now offers.

It’s the latest setback for BlackBerry, which was once a leader in the smartphone market.

This summer BlackBerry announced that it was undertaking a strategic review, which could lead to a sale of the company. A new operating system and phones that were introduced this year failed to revive the company after meeting with consumer indifference.
http://www.nytimes.com/2013/09/21/technology/blackberry-plans-to-cut-4500-jobs.html?_r=0

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