Saturday, September 21, 2013

BlackBerry to Cut 40% of Work Force After Big Loss - NYTimes.com

tbd if/when what remains will be acquired; also see BlackBerry Co-Founder Is Said to Consider Bid for Company
"On Friday, BlackBerry announced that it would lay off 4,500 employees, or nearly 40 percent of its already reduced work force. The cut is so deep some analysts and investors said that the company’s days as a smartphone maker were effectively over.
The company also said that it expected to report a quarterly loss of nearly $1 billion next week, mainly the result of a write-off of unsold BlackBerry phones, but also because of payments to stop manufacturers and suppliers from adding to the pile. And of its six phones that the company offers, two will be discontinued."
BlackBerry to Cut 40% of Work Force After Big Loss - NYTimes.com
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