“BlackBerry wasted little time in embarking on the layoffs it announced last month,” John Paczkowski reports for AllThingsD.
“On Monday, the company began handing out termination notices to 300 employees at its Waterloo, Ontario, headquarters,” Paczkowski reports. “Part of a broader restructuring plan intended to reduce expenditures by 50 percent by 2015, this week’s layoffs are the first phase of a purge that will see the struggling company sack some 4,500 employees.”
Paczkowski reports, “An ugly week for BlackBerry, with more of the same to come, as the foundering company struggles to optimize its resources in the hope that it will be taken private by Fairfax Financial in a $9-per-share deal or acquired by another interested buyer — should one emerge.”
Read more in the full article here.
MacDailyNews Take: This is what happens when the world whips right past you and all you can do is lie to yourselves and to your customers while gaping in wide wonder at the miracle that is Steve Jobs’ Apple Inc.
[Thanks to MacDailyNews Reader “Justin Powell” for the heads up.]
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