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The end is near as BlackBerry prepares to lay off 40% of workforce

A new report suggests that BlackBerry is planning to lay off as much as 40 percent of its workforce as the downward spiral continues (NASDAQ:BBRY)

| Business, Financial & Legal News | Posted: Sep 18, 2013 7:45 pm

A new report out today from the Wall Street Journal suggests that BlackBerry is in the midst of planning a massive layoff that could see up to 40 percent of its workforce lose their jobs. This new report comes just hours after the company launched its new five-inch smartphone, the Z30.

 

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The layoffs would reportedly come before the year's end and would most likely be finalized during the middle of the holiday season. The Wall Street Journal says that thousands of employees will likely lose their jobs in the cut, and that the layoffs will span across the entire company. BlackBerry seemingly confirmed the rumor when it told the Wall Street Journal, "Organizational moves will continue to occur to ensure we have the right people in the right roles to drive new opportunities in mobile computing."

NEWS SOURCESOnline.wsj.com, Marketwatch.com, Theverge.com

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