BlackBerry to Cut 40% of Staff, Says WSJ
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.
Sep 26, 2016
Lenovo today announced a workforce reduction that will see close to 2% of the company's 55,000 employees losing their jobs. Most of the more-than-1,000 cuts impact Lenovo-owned Motorola.
Apr 16, 2019
Justice department staff reviewing the proposed merger between T-Mobile US and Sprint have informed the two companies that they're disinclined to approve the merger as currently proposed, on antitrust grounds, according to the Wall Street Journal. The $26 billion deal would reduce competition and likely lead to lost jobs in the long run, although T-Mobile and Sprint claim otherwise.
Apr 17, 2018
After a series of stinging setbacks, Huawei is scaling back plans to tackle the U.S. market.
Jan 8, 2018
AT&T will not sell the Huawei Mate 10 Pro smartphone, according to a report in the Wall Street Journal. Huawei was widely expected to announce a distribution deal with AT&T during its CES keynote address, scheduled for Jan.