BlackBerry to Slash Its Workforce by Up to 40 Percent

BlackBerry is preparing to make deep staff cuts by the end of the year via layoffs that could cost up to 40 percent of its employees their jobs, people familiar with the matter said.

The layoffs will cut across all departments and will occur in waves, likely affecting several thousand employees, the people said. They come as the once-dominant smartphone maker looks for ways to get a handle on costs and shrink its operations to better fit a world in which competitors like Apple and Samsung Electronics have eaten deeply into its market share.

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »