BlackBerry to Fire Employees
BlackBerry Ltd announced it would have to cut its workforce by a third. After a major second-quarter operating loss, nearly 4,500 employees will end up being laid off.
So how much money did BlackBerry lose exactly? The company suggests an operating loss between $250-265 million. That’s a lot of bang for a lot of bucks lost.
After laying off employees, the company is hoping to regain some of their market share. In doing so, they want to revamp their products and refocus on hardware, software, and services.
Are you surprised by BlackBerry’s news? What can save the company?