“BlackBerry Ltd has laid off about 250 of its employees at its headquarters in Waterloo, Ontario, as part of its latest move to trim costs, the smartphone maker said on Thursday,” Reuters reports.
“The company, which last year cut thousands of jobs, recently hinted that more reductions were in the offing,” Reuters reports. “Last month, BlackBerry reported dismal quarterly results, which triggered a 28 percent plunge in its share price.”
Reuters reports, “Sales of its make-or-break new line of smartphones came in well below some analysts’ expectations. The results offered little evidence that the company could quickly win back market share from Apple Inc’s iPhone…”
Read more in the full article here.
[Thanks to MacDailyNews Reader “BatterySam” for the heads up.]
Related articles:
Best Buy slashes price on beleaguered BlackBerry’s Z10 phone flop – July 12, 2013
Beleaguered BlackBerry fades in fight to be number 3 in mobile phones – July 3, 2013
Beleaguered BlackBerry shares plummet most since 2000 on Z10 phone flop – June 29, 2013
More blood on Apple iPad’s touchscreen: BlackBerry’s Playbook is dead – June 28, 2013
Beleaguered BlackBerry plummets after posting loss, lower-than-projected sales – June 28, 2013
RUMOR: RIM BlackBerry PlayBook sales miss targets by over 90% at major retailer – May 20, 2011
RIM BlackBerry PlayBook suffers new round of battery woes – May 19, 2011
RIM recalls PlayBook tablets – May 16, 2011
Needham downgrades RIM, chops forecast; blames ‘clueless’ half-CEOs – May 5, 2011
Research In Motion warns of weak BlackBerry sales; shares plunge – April 29, 2011
Anatomy of failure: Mobile flops from RIM, Microsoft, and Nokia can’t compete with Apple’s iPhone, iPad – April 23, 2011
InfoWorld reviews RIM BlackBerry PlayBook: A useless, unfathomable train wreck 2011 – April 21, 2011
RIM launches PlayBook to no lines – April 19, 2011
RIM’s half-CEOs whine: It’s not ‘fair’ that our ‘superior’ tablet is getting bad reviews – April 15, 2011
Pogue reviews RIM’s BlackBerry PlayBook: Half-baked, buggy, and missing important features – April 14, 2011
RIM’s half-CEO Lazaridis walks out of BBC interview – April 13, 2011
Research in Motion’s half-CEO admits to being clueless – April 11, 2011
Gassée: ‘The inmates have taken over the asylum’ at BlackBerry-maker RIM – March 28, 2011
RIM shares drop as marketing chief leaves company on eve of supposed PlayBook launch – March 4, 2011
Analyst: RIM’s expensive, flawed PlayBook tablet will be poorly received – February 1, 2011
RIM’s half-CEO: We think customers getting tired of being told what to think by Apple – October 18, 2010
Steve Jobs: I don’t see RIM catching us; Android is a fragmented mess; 7-inch tablets will be DOA – October 18, 2010