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
-
Ministers 'were told fire regulations fit for purpose'
Despite the use of combustible cladding in tower blocks, ministers were advised that regulations were tough enough, ITV News has learnt.
-
Cooler and breezy with some rain to come
A milder night across the north than last night, with rain sneaking into southern Scotland from Northern Ireland.
-
Charlotte Church announces she has lost her unborn baby
The singer, 31, said on Twitter that she and her partner Jonathan Powell were grieving their loss.