BlackBerry Plans to Cut 4500 Jobs - New York Times

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Geoff Robins/The Canadian Press, via Associated Press
BlackBerry's headquarters in Waterloo, Canada. Its latest line of smartphones, using the BlackBerry 10 operating system, has been met with indifference from consumers in important markets like the United States.




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OTTAWA — BlackBerry, the embattled smartphone maker, said on Friday that it would lay off 4,500 employees and that it would report a quarterly loss between $950 million and $995 million next week. The layoffs will eliminate about 40 percent of the company’s worldwide workforce.
The loss is mainly the result of a write-off of unsold BlackBerry phones, as well as $72 million in restructuring charges. The company said that it would discontinue two of the six phones it now offers.
It’s the latest setback for BlackBerry, which was once a leader in the smartphone market.
This summer BlackBerry announced that it was undertaking a strategic review, which could lead to a sale of the company. A new operating system and phones that were introduced this year failed to revive the company after meeting with consumer indifference.
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