BlackBerry to cut 40% of staff
Phone company BlackBerry has announced it is to make 4,500 employees redundant - around 40 per cent of its global workforce.
BlackBerry cuts 'end of company as we know it'
Phone company BlackBerry could survive as a much smaller player, an analyst has told Reuters, after it announced that it would cut around 40% of its global workforce.
BGC Partners analyst Colin Gillis said: "This is the end of the BlackBerry as we know it.
"This is a major pivot. They are cutting half of their employees and they're going to focus on becoming a niche player focused on the enterprise."
He added: "The company has sailed off a cliff...What do you expect when you announce you're up for sale? Who wants to commit to a platform that could possibly be shut down?"
More top news
-
Bill Cosby convicted of drugging and sexually assaulting woman
The Cosby Show star, 80, was found guilty of three counts of aggravated indecent assault.
-
Is Rudd's 'we will be leaving the customs union' credible?
The Government's stance risks a negotiating car crash with the EU, as it refuses to acknowledge risks over the Irish border.
-
Cold end to the month
Sunshine and a soaking