Report: BlackBerry could cut 40 pct of workforce

Sep 18, 2013

Struggling smartphone maker BlackBerry could cut its workforce by up to 40 percent by the end of the year, The Wall Street Journal reported Wednesday.

Citing unidentified people familiar with the matter, the newspaper said that the Canadian company plans to make the cuts through that will occur in all of its departments, potentially affecting several thousand people.

When contacted by The Associated Press later on Wednesday, BlackBerry released a statement saying that it wouldn't comment on "rumors and speculation."

"As previously stated, we are in the second phase of our transformation plan. Organizational moves will continue to occur to ensure we have the right people in the right roles to drive new opportunities in ," BlackBerry said.

The report comes as BlackBerry continues to lose money amid tough competition from Apple Inc.'s iPhone and phones running Android, such as Samsung's Galaxy. The company's board is looking at strategic alternatives, including a possible sale of the company.

Waterloo, Ontario-based BlackBerry had 12,700 employees the last time it reported an employment figure in March.

BlackBerry shares fell 10 cents to $10.46 in afternoon trading.

Explore further: Samsung removes logo on smartphones in Japan

Related Stories

BlackBerry unveils new Z30 smartphone

Sep 18, 2013

Struggling smartphone maker BlackBerry has unveiled its new Z30, touting it as the company's biggest, fastest and most advanced smartphone.

Recommended for you

Taiwan factory workers win $18 mn over cancer deaths

21 hours ago

Workers from a factory in Taiwan which leeched toxic chemicals they say resulted in 200 deaths from cancer and more than 1,000 other cases of the disease won a Tw$564.45 million ($18 million) payout from US electronics company ...

Court monitor: Apple antitrust cooperation has 'declined'

Apr 17, 2015

Apple Inc.'s cooperation with efforts to improve its compliance with antitrust laws after a federal judge concluded it colluded with electronic book publishers to raise prices five years ago took on an "adversarial tone" ...

SEC questions LA Unified on use of bonds for iPad project

Apr 17, 2015

The Securities and Exchange Commission recently questioned Los Angeles Unified School District officials as part of informal inquiry into whether they properly used bond funds for a beleaguered $1.3 billion project to provide ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

VendicarE
1 / 5 (1) Sep 18, 2013
Why not 100% and get it over with?

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.