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+ - BlackBerry Says It Will Cut 40% of Workforce, Revenues to Plummet

Submitted by Dawn Kawamoto
Dawn Kawamoto writes: BlackBerry dealt a blow to its employees and investors Friday, announcing it would slash 40 percent of its workforce, with its revenues expected to fall by roughly half the level they were a year ago. The rumor mill was going fast and furious earlier this week with speculation of a 40% cut that has now turned out to be true. The company's Z10 is far from the silver bullet to turn its fortunes around. And with $2.6 billion in the bank with cash and short-term securities, it's quickly running out of time to find a buyer.
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BlackBerry Says It Will Cut 40% of Workforce, Revenues to Plummet

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