Skip to main content

BlackBerry cuts another 200 employees

BlackBerry made another snip staff  it is 200 employees, despite the December financial results were largely positive. The workforce reduction involves 125 people in the headquarters of Waterloo, in Ontario, and 75 at a manufacturing facility in Sunrise, Florida. The scaling measure of workforce follows that undertaken in September, where another 200 people were laid off, mainly among those who worked on the BlackBerry 10.



Faced with a new measure of this type one wonders what could be the future that John Chen, who assumed he dashed for the BlackBerry company guidance in November of 2013. During the past summer, Chen stressed it has no intention to sell the BlackBerry, at least not immediately, but to bring it to a turning point that would allow it to recover value.

According to analyst Richard Tse of Cormak Securities, the staff reduction measures still respects this view: "The reality is they are really trying to turn into a reality software, so everything they do is calibrated to this goal. There might be figures related to previous activities which are not adapted to the new course. the business smartphone could be called into question later, but right now the focus is still on the commercialization of Priv in new markets. "

Comments

Popular posts from this blog

Max Q: Psyche(d)

In this issue: SpaceX launches NASA asteroid mission, news from Relativity Space and more. © 2023 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/h6Kjrde via IFTTT

Max Q: Anomalous

Hello and welcome back to Max Q! Last week wasn’t the most successful for spaceflight missions. We’ll get into that a bit more below. In this issue: First up, a botched launch from Virgin Orbit… …followed by one from ABL Space Systems News from Rocket Lab, World View and more Virgin Orbit’s botched launch highlights shaky financial future After Virgin Orbit’s launch failure last Monday, during which the mission experienced an  “anomaly” that prevented the rocket from reaching orbit, I went back over the company’s financials — and things aren’t looking good. For Virgin Orbit, this year has likely been completely turned on its head. The company was aiming for three launches this year, but everything will remain grounded until the cause of the anomaly has been identified and resolved. It’s unclear how long that will take, but likely at least three months. Add this delay to Virgin’s dwindling cash reserves and you have a foundation that’s suddenly much shakier than before. ...

What’s Stripe’s deal?

Welcome to  The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up  here  so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. —  Mary Ann Stripe eyes exit, reportedly tried raising at a lower valuation The big news in fintech this week revolved around payments giant Stripe . On January 26, my Equity Podcast co-host and overall amazingly talented reporter Natasha Mascarenhas and I teamed up to write about how Stripe had set a 12-month deadline for itself to go public, either through a direct listing or by pursuin...