As BlackBerry continues to fight for its life, the company announced late last month that it will eliminate about 4,500 jobs in an effort to reduce expenses by 50%. According to a new report, the job cuts have now begun with about 300 having been laid off in Waterloo this week. The cuts will be spread out between now and the end of the first quarter in fiscal 2015, but the company confirmed on Wednesday that the process is now underway. “We are in a period of transition and we must focus on enhancing our financial results to be in a better position to compete in this current mobile environment,” BlackBerry said in a statement to The Globe and Mail. “We recognize our local employees’ hard work on behalf of our company and the difficulty of this news.” As the report notes, BlackBerry will have slashed approximately 7,000 jobs since 2011 once this new round of layoffs is complete.
New round of layoffs has begun at BlackBerry
Published Oct 9th, 2013 7:30PM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
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