Mass Layoffs At BlackBerry Could Shrink Staff By 40%

Losing its luster in the smartphone business, the Canadian company cut 5,000 jobs last year and could lay off thousands more.

Mass Layoffs At BlackBerry Could Shrink Staff By 40%

Layoffs at BlackBerry could slash the company’s workforce by 40%, the Wall Street Journal reports, citing people familiar with the matter. The cuts are expected to affect several thousand employees, though a company representative didn’t specify how many people would be affected. The company last reported 12,700 active employees in March.

In an effort to revamp its business, the Waterloo, Ontario smartphone maker announced last month that it formed a special committee to explore a company sale. BlackBerry, which cut 5,000 jobs last year, began smaller rounds of layoffs over the summer in sales as well as research and development.

[Image: Flickr user Ian Lamont]

About the author

Based in San Francisco, Alice Truong is Fast Company's West Coast correspondent. She previously reported in Chicago, Washington D.C., New York and most recently Hong Kong, where she (left her heart and) worked as a reporter for the Wall Street Journal.



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