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-   -   BlackBerry to cut 4500 Jobs .... (http://www.hardwarecanucks.com/forum/press-releases-tech-news/63276-blackberry-cut-4500-jobs.html)

moocow September 20, 2013 01:09 PM

Blackberry stocks suspended
 
I think they may get delisted soon.

BBC News - Blackberry to cut 4,500 jobs amid earnings plunge

stoanee September 20, 2013 01:12 PM

D-oh :doh:

moocow September 20, 2013 01:14 PM

A bit better article from WSJ. A lot of the losses are related to inventory.

Quote:

-- Company expects GAAP net operating loss of approximately $950 million to
$995 million; loss includes a primarily non-cash, pre-tax inventory
charge of approximately $930 million to $960 million resulting from the
increasingly competitive business environment impacting BlackBerry
smartphone volumes, and a pre-tax restructuring charge of $72 million
-- Company expects to report revenue for the second quarter of approximately
$1.6 billion; recognizes sales of approximately 3.7 million smartphones
in the second quarter
BlackBerry Announces Preliminary Second Quarter Fiscal 2014 Results and Provides Business Update - WSJ.com

Arinoth September 20, 2013 01:36 PM

Immediately makes me think of: Red Alert 3 Soviet Union Defeat Music - YouTube

RBA September 20, 2013 03:40 PM

BlackBerry to cut 4500 Jobs ....
 
What a shame to see a company go from great things to this BlackBerry to cut 4,500 jobs - Business - CBC News

muse108dc September 20, 2013 04:04 PM

I?m happy to hear about the larger round of job cuts at BlackBerry | CrackBerry.com

Basically what to take away from this.

The majority of the Billion Dollars lost is in write offs, not cash.
They are laying off fewer people than expect, 7000 was expected.
Layoffs are not bad, its the transition from the workforce from BBOS being layed off, not BB10 staff.
Reducing the line up to 4 phones, 2 high, 2 low, which makes sense, I'm just sad because the Z10 isn't one of them. Giant phones, grrr.

BlackBerry will be moving towards the Enterprise and Prosumer which is more or less where they belong I think. I look forward to supporting this company for years still.

Also, they won't be sold, they wont be bought piecemeal I do expect something along the lines of a partner, one that isn't immediately phone related, and once that is all sorted you will see more big companies commiting to BlackBerry as the uncertainty of their future will solidify.

And people I mean come on, BB still has a fair amount of cash, still is selling phones, they are not dead or even close to it. Its just panic that will cause the ship to sink at this point. BB10 is a solid OS and they have made 3 great devices so far with a 4th coming shortly. There is nothing to fear.

muse108dc September 20, 2013 04:05 PM

Down but not defeated.

The RealRollo September 21, 2013 02:37 PM

Is Blackberry even relevant in 2013?

They are a good example of what happens to a company that has the wind of change blow the walls down around them for years and ignoring it.

The RealRollo September 21, 2013 02:39 PM

Quote:

Originally Posted by muse108dc (Post 730468)
Down but not defeated.

Defeated.
Do you actually know anyone with a Blackberry?

Squeetard September 21, 2013 02:43 PM

They were done years ago. The steady decline is starting to snowball.


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