BlackBerry reportedly slashing workforce by 40% this year

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BlackBerry’s(s bbry) employee head count of 12,700 may be down to under 8,000 before the end of 2013, The Wall Street Journal reported on Wednesday. The company continues to slash costs as it is losing smartphone market share to iOS(s aapl), Android(s goog) and, most recently, to Windows Phone(s msft).

The cuts will reportedly take place over numerous departments although I suspect those associated with BlackBerry’s hardware division will be hardest hit, even though the company launched a new phone earlier today. BlackBerry is making far more money from its high profit services area and would be more appealing to a buyer without the low-profit hardware group.

3 Comments

American Patriot

I just got a cancellation notice on my sprint account using a BB – something about the gps navigation stuff being shut down. /shrug Time to dump them anyway.

HollyBolly

“Could” is the opperative word. WSJ are slick…I’ll give them that.

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