BlackBerry to Cut 40% of Staff, Says WSJ

[cdmagurus.com]

BlackBerry is preparing to make deep cuts to its staffing, according to a report in the Wall Street Journal. The company is looking to reduce its headcount by as much as 40% by the end of the year as it tries to get a handle on costs amid poor sales of its devices. A BlackBerry spokesperson said, "Organizational moves will continue to occur to ensure we have the right people in the right roles to drive new opportunities in mobile computing," but declined to comment on the severity of the job cuts. BlackBerry is exploring strategic alternatives and may sell all or pieces of the company to investors. The sales process is expected to take place within a few weeks and has already drawn some interest from private equity firms. Just today, BlackBerry announced the Z30 smartphone and the availability of its BBM messaging service for Android and iOS devices.


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