Trending

Filed under: News | Misc

 

BlackBerry to Downsize 40% of its Staff

BlackBerry has seen better days. It is currently facing tough competition from rivals such as Apple and Samsung. The company is to therefore downsize 40% of its workforce in an effort to shed its losses.

Sep 19 2013, 4:08am CDT | by

12 Updates
BlackBerry to Downsize 40% of its Staff
BlackBerry CEO - Getty Images
 
 

YouTube Videos Tweets Comments

Full Story

BlackBerry to Downsize 40% of its Staff

BlackBerry to Downsize 40% of its Staff
WSJ Graph for Fiscal Year Ended March 2

BlackBerry is in the midst of tragic times. The debut of the Z30 looked like a reversal of fortunes for the company. Yet with 40% of the workers liable to be downsized by the end of 2013, the good news turned out to be just the opposite. 

Employees ranging in the thousands were to have their careers ruined due to the company’s coffers being virtually empty. BlackBerry has been plagued by deficits and low morale. The organization now has to allocate suitable staff for various suitable roles. The search for new avenues of growth is crucial for BlackBerry. Besides this, there are rumors of the company selling itself to the highest bidder by November. 

It often occurs that a giant firm finds itself in troubled circumstances. Furthermore, when it proves extremely difficult to extricate itself from the conundrum it has entered, the only choice left before it is to shape up or ship out. 

BlackBerry used to be the best in its heyday, but recently it has found itself on the receiving end of a lot of misery. There still exists a small window of opportunity for the conglomerate. If it is missed out on, it will have to let go of some ballast and ultimately put itself up for auctioning. That is the way the cookie crumbles for BlackBerry. 

Source: WSJ

 

You Might Also Like

Updates


Sponsored Update

Update: 12

Tweets

 

Advertisement


Update: 11

BlackBerry Just Had Its First Good Idea in Years

Source: Wired

Alibaba To Kick Off IPO In U.S.
BlackBerry has had its fair share of missteps over the years, but investing in the health tech startup NantHealth isn't ...
Source: Wired  Full article at: Wired 7 hours ago
 

More From the Web

Update: 10

John Chen: BlackBerry Invests in Cloud Medical IT Firm NantHealth

Source: GovConWire

Alibaba To Kick Off IPO In U.S.
BlackBerry (NASDAQ: BBRY) has made an investment in NantHealth, a California-based startup that is developing cloud-based information technology for med ...
Source: GovConWire   Full article at: GovConWire 7 hours ago
 

Update: 8

BlackBerry invests in NantHealth for healthcare solutions

Source: BGR.in

Celebrities At The Los Angeles Lakers Game
Canadian smartphone maker BlackBerry today announced an investment in Californica-based healthcare IT firm NantHealth. “BlackBerry’s capabilities align closely with NantHealth’s and this investment represents the type of forward-looking opportunities that are vital to our future. This investment and planned collaboration aligns with the reliability, security and versatility of BlackBerry’s end-to-end solutions,” BlackBerry CEO and executive ...
Source: BGR.in   Full article at: BGR.in 12 hours ago
 

Update: 7

BlackBerry eyes healthcare niche

Source: Business Spectator

Alibaba To Kick Off IPO In U.S.
Ailing smartphone maker buys stake in healthcare IT firm NantHealth, whose platform already connects more than 16,000 medi ...
Source: Business Spectator   Full article at: Business Spectator 16 hours ago
 

Update: 6

Typo halts sales of iPhone keyboard as injunction takes effect

Source: PC World

MOCA's 35th Anniversary Gala Presented By Louis Vuitton At The Geffen Contemporary At MOCA - Red Carpet
Typo halted the sale of its add-on keyboard for the iPhone on Tuesday after an injunction took effect that bans it from being imported to the U.S. The injunction is part of a patent lawsuit brought against it by BlackBerry and was triggered when BlackBerry put up a $500,000 bond with the court. The money will be used to compensate Typo for its lost profits if it ends up winning the case. Typo launched to considerable attention earlier this year, in ...
Source: PC World  Full article at: PC World 17 hours ago
 

Update: 5

BlackBerry Invests In Cloud-Based Health-care Provider

Source: CRN Technology News For Solution Providers

Alibaba To Kick Off IPO In U.S.
BlackBerry is banking on the health-care industry to help power a turnaround by investing in NanthHealth, a cloud-based medical IT provide ...
Source: CRN Technology News For Solution Providers   Full article at: CRN Technology News For Solution Providers 19 hours ago, 4:52pm CDT
 

Update: 4

BlackBerry's Next Move May Be A Phone That Keeps You Healthy

Source: AOL Small Business

Celebrities At The Los Angeles Lakers Game
Prophecies abound of Blackberry's demise, but the Canadian smartphone company is still making investments -- including collaborating with Patrick Soon-Shiong, founder of health care IT company NantHealth and mobile innovator NantMobile, to create what Soon-Shiong calls a "novel" smartphone.Soon-Shiong and Blackberry's plans are ambitious, to say the least. By the end of the year, they hope to deliver ...
Source: AOL Small Business   Full article at: AOL Small Business 20 hours ago, 3:56pm CDT
 

Update: 3

BlackBerry invests in health-care company NantHealth

Source: Hamilton Spectator

Alibaba To Kick Off IPO In U.S.
All of the infrastructure will be government-level privacy certified and allow health-care professionals to share information ...
Source: Hamilton Spectator   Full article at: Hamilton Spectator 21 hours ago, 2:56pm CDT
 

Update: 2

BlackBerry invests in Dr. Soon-Shiong’s NantHealth

Source: MobiHealthNews

Celebrities At The Los Angeles Lakers Game
Waterloo, Ontario-based BlackBerry (formerly known as Research In Motion) announced this week an investment in Dr. Patrick Soon-Shiong’s digital health rollup NantHealth, which boasts that about 250 hospitals are now using its cloud-based, clinical decision support platform. The dollar amount of the investment was not disclosed. BlackBerry and NantHealth haven’t yet finalized the specific details [...] ...
Source: MobiHealthNews   Full article at: MobiHealthNews 23 hours ago, 12:55pm CDT
 

Update: 1

BlackBerry Invests in M-Heath Software Developer

Source: Cellular-News

CHINA-SOCIAL ISSUES-FAMILY
BlackBerry has announced an investment in healthcare IT services provider NantHealth. Click here for ...
Source: Cellular-News   Full article at: Cellular-News 1 day ago, 10:36am CDT
 

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest technology trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

iPhone 6 Mockup have been revealed in Hong Kong prior to the phone’s official launch
iPhone 6 Mockup have been revealed in Hong Kong prior to the phone’s official launch
: The iPhone 6 accessories were also exhibited at a hardware fair, alongside the iPhone 6’s mockup.
 
 
Samsung Launches Brand New Design Website
Samsung Launches Design Website Dedicated to its Creative Design Process
Samsung is in the midst of fighting a legal battle over copyright issues with Apple. And is it a mere coincidence that it has launched a brand new design website in the present predicament in which it finds itself?
 
 
Samsung outs colorful ad for Galaxy S5 and Samsung Gear
Samsung outs colorful ad for Galaxy S5 and Samsung Gear
The new ad by Samsung focuses on the new Galaxy S5 and Galaxy Gear features
 
 
Samsung to Launch Tizen Phones in Q2 and Android Wear Smartwatch Later
Samsung to Launch Tizen Phones in Q2 and Android Wear Smartwatch Later
Samsung Electronics is up to its good old tinkering ways once again. The company will be introducing at least two smartphones running on its own Tizen operating system in Q2 and an Android Wear smartwatch later this year.
 
 
 

The Hottest Photos of Victoria's Secret Fashion Show 2013