BlackBerry Confirms 4,500 Job Cuts, Warns of $950 Million Loss 120
An anonymous reader writes "Today BlackBerry announced that it expects its quarterly net operating losses to be somewhere between $950 million and $995 million. It also confirmed earlier reports that it would be cutting 4,500 jobs, roughly 40% of its total 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 currently offers.' According to the press release, BlackBerry is going to 'refocus on enterprise and prosumer market.' 'The failure of the BlackBerry 10 line of phones quickly led to speculation that the company, like Palm before it, would be broken apart and perhaps gradually disappear, at best lingering as little more than a brand name.'"
It's just a flesh wound! (Score:2, Funny)
Don't worry guys! Amatuer hour is over!
-RIM
They will always be RIM to me. (Score:5, Funny)
Re:They will always be RIM to me. (Score:2, Funny)
Re:Putting 'For Sale' sign on company was dumb mov (Score:4, Funny)
Second, by announcing to the world that they're for sale they instantly froze the decision process of every corporation that was considering an upgrade to BB10. Why would any customer consider committing themselves to Blackberry for the next 2-5 years when they're not even sure Blackberry would last in (its current form at least) till the end of the year?
I think this concern is overblown.
--sent from my Palm Pixel