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  1. Tariq Nasir's Avatar
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    Default BlackBerry to slash up to 40 % of its work force

    I would be shocked if this is true, but here is the article:

    http://online.wsj.com/article/SB1000...ness_whatsNews

    Posted via CB10
  2. moretreelessbush's Avatar
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    #2  

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    Hm, WSJ is supposedly more credible than most other sources

    "TORONTO—BlackBerry Ltd. is preparing to make deep staff cuts by the end of the year via layoffs that could cost up to 40% of its employees their jobs, people familiar with the matter said. The layoffs will cut across all departments and will occur in waves, likely affecting several thousand employees, the people said. ..."
  3. allisos's Avatar
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    #3  

    Default

    "Could"
    "Up to"
    = guessing

    Posted via CB10
  4. slalom's Avatar
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    #4  

    Default

    Also in the Globe and Mail

    BlackBerry to slash up to 40% of work force, report says - The Globe and Mail

    Sorry to hear. A bad day for our friends at BlackBerry.
  5. transportin's Avatar
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    #5  

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    Quote Originally Posted by slalom View Post
    Also in the Globe and Mail

    BlackBerry to slash up to 40% of work force, report says - The Globe and Mail

    Sorry to hear. A bad day for our friends at BlackBerry.
    This article is motivated by the wsj article. Seems reporters are too lazy, they write an article based on another one. Good lord!

    Posted via CB10
  6. undone's Avatar
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    #6  

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    Quote Originally Posted by slalom View Post
    Also in the Globe and Mail

    BlackBerry to slash up to 40% of work force, report says - The Globe and Mail

    Sorry to hear. A bad day for our friends at BlackBerry.
    Also based on the original WSJ article. As always you need to take a grain of salt with these types of things.
    mike869 likes this.
  7. ljfong's Avatar
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    #7  

    Default

    Not good. Truly hope that it is not the case that, Z30, cross-platform BBM and BlackBerry 10.2 comprise BlackBerry the company's swan song package, enjoy the end-game content and the credit rolls afterwards.
  8. Im Mo Green's Avatar
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    #8  

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    Quote Originally Posted by Tariq Nasir View Post
    I would be shocked if this is true, but here is the article:

    BlackBerry to Slash Its Workforce by Up to 40% - WSJ.com

    I would bevery surprised it wasn't true. This company needs to be scaled down to match its current place in the market. They were at 17,500 when Thorsten took over. Core 1 cut about 5000 jobs. I'm expecting Core 2 to be announced at the earnings. I expect this company to be down to 4000-5500 employees by the next 6 months. Not. A real, surprise here,this was telegraphed for 6 months now.

    Posted via CB10
  9. mcstravi's Avatar
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    #9  

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    Again..whether true or not, the timing is a bit suspect.

    BB announces awesome new Z30 phone + BBM cross platform go-live

    Then crush the story:
    BB to layoff 40% by end of year


    t
  10. NYC10065's Avatar
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    #10  

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    Whether 40% is true or not, my thoughts are with those employees and their families who may be affected and who will have to live with the uncertainty for the next few months. Having gone through downsizings myself, news like this brutalizes morale and impacts both those employees who are slated for lay off and those who are left behind.

    I will save my disgust for the leadership of BBRY who transformed an amazing dream into an ugly nightmare through incompetence and poor leadership. I hold the thousands of talented BBRY employees in my thoughts and hope that they get through this tough period without too much pain.
  11. Shlooky's Avatar
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    #11  

    Default

    to make the company more lucrative for sale, layoffs must unfortunately happen
    xanadome likes this.
  12. mikeo007's Avatar
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    #12  

    Default BlackBerry to slash up to 40 % of its work force

    Very bad news for those workers and their families. I can't possibly imagine working in an environment like that where a sword of Damoncles is constantly over my head.

    For what it's worth, Blackberry has not yet denied this article like they did the one about slashing most of their sales force. Their only comment has been "organizational moves will continue to occur to ensure we have the right people in the right roles to drive new opportunities".
  13. THBW's Avatar
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    #13  

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    I simply doubt the credibility of this article. Sort of smacks of the same nonsense last week when WSJ said BB was cutting/eliminating its US sale force. They sort of got that one wrong, big time.
    mike869 likes this.
  14. Im Mo Green's Avatar
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    #14  

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    Quote Originally Posted by NYC10065 View Post
    Whether 40% is true or not, my thoughts are with those employees and their families who may be affected and who will have to live with the uncertainty for the next few months. Having gone through downsizings myself, news like this brutalizes morale and impacts both those employees who are slated for lay off and those who are left behind.

    I will save my disgust for the leadership of BBRY who transformed an amazing dream into an ugly nightmare through incompetence and poor leadership. I hold the thousands of talented BBRY employees in my thoughts and hope that they get through this tough period without too much pain.
    Agree 100%. Hopefully all will find employment quickly and only the best going forward.
  15. THBW's Avatar
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    #15  

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    Quote Originally Posted by mcstravi View Post
    Again..whether true or not, the timing is a bit suspect.

    BB announces awesome new Z30 phone + BBM cross platform go-live

    Then crush the story:
    BB to layoff 40% by end of year

    t
    I totally agree. It appears to be one of those planted stories if you ask me.
  16. playbookster's Avatar
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    #16  

    Default

    Please edit your title. Your title states it as fact rather than suggestion or rumor

    Posted via CB10
    Boots4283, R Field and j1m0h like this.
  17. playpen007's Avatar
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    #17  

    Default

    Whenever BlackBerry put out something very exciting, WallStreet starts pumping with negative news. They wouldn't let the BlackBerry runs with a good news for one day. Too many short this stock. I hope those who short BlackBerry stock homeless one day.
    parthokarki likes this.
  18. lifelongbbfan's Avatar
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    #18  

    Default Timing of the story

    The release of the Z30 and pending release of BBM should've registered a marked rise in the stockprice. Since BBRY is set to go private, buyers have a vested interest in keeping the stock price as low as possible. Releasing a trial ballon about possible job cuts on the same day would (and did) do the trick.
  19. koolrosh's Avatar
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    #19  

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    Quote Originally Posted by mcstravi View Post
    Again..whether true or not, the timing is a bit suspect.

    BB announces awesome new Z30 phone + BBM cross platform go-live

    Then crush the story:
    BB to layoff 40% by end of year

    t
    I agree. This is meant to kill the buzz around Z30 + BBM. It's crazy that on my blackberry feed I see more stories about the layoffs, on a day where the Z30 was announced and we had confirmation dates on BBM.

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  20. Warlack's Avatar
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    #20  

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    It is interesting that BlackBerry has less employees than htc and made 3 billion more turnover...... and still they want to cut another few thousand?

    Posted via CB10
  21. cappo40's Avatar
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    #21  

    Default

    Shao told me about this thread after I made a duplicate. Anyways, this is horrible news if true.
  22. app_Developer's Avatar
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    #22  

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    Quote Originally Posted by Warlack View Post
    It is interesting that BlackBerry has less employees than htc and made 3 billion more turnover...... and still they want to cut another few thousand?
    I would guess that HTC's average cost per employee (with benefits and payroll taxes) is much less than BlackBerry's Canadian workforce.
  23. Arny cua's Avatar
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    #23  

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    Common...I think this is only a media crap again..

    Posted via CB10
    mike869 likes this.
  24. NotGoodIMO's Avatar
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    #24  

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    Quote Originally Posted by NYC10065 View Post
    Whether 40% is true or not, my thoughts are with those employees and their families who may be affected and who will have to live with the uncertainty for the next few months. Having gone through downsizings myself, news like this brutalizes morale and impacts both those employees who are slated for lay off and those who are left behind.

    I will save my disgust for the leadership of BBRY who transformed an amazing dream into an ugly nightmare through incompetence and poor leadership. I hold the thousands of talented BBRY employees in my thoughts and hope that they get through this tough period without too much pain.
    Blackberry's idiotic management will be rewarded with colossal severance package while 40% of the staff lose their jobs. Where is Mr Heinz hiding anyways, may be Blackberry is better off that way. Every time he show his face in the media, Blackberry gets more bashing. I feel bad for the people at Blackberry who created such an amazing product in BB10, too bad this management lacks backbone to make it successful.
    danprown, NYC10065 and milo53 like this.
  25. xcler82xs's Avatar
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    #25  

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    Lets see how (if) BlackBerry addresses this media report with a statement.

    Posted via CB10
    app_Developer likes this.
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