BlackBerry Lays Off 80 More Employees in Canada

Posted by Knowlton Thomas

BlackBerry has confirmed it's laying off another 80 employees in Canada this week.

The company's latest wave of layoffs hit the workforce of its headquarters in Waterloo. The layoffs are one small wave of a 4,500-employee layoff tsunami, with recent cuts dropping employees by up to 300 per week, and not just in Waterloo, but in other Canadian cities too.

BlackBerry's comment on this week's layoffs remains the same as it has been for months, stating that the company is "in a period of transition" and that it "must focus on enhancing our financial results to be in a better position to compete."

It's sad news for those losing jobs, but arguments are being made that these massive layoffs aren't all bad and may even help boost Canada's economy. Either way, BlackBerry hopes to stage a turnaround with a recent $1 billion cash injection a new interim CEO, John Chen, who stated recently he plans to return BlackBerry to its "heritage and roots."

The company's market value is current just over $3 billion, down from more than $80 billion in 2008.

Photo: Geoff Robins, Canadian Press

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry® solution in 1999. BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day. The BlackBerry product line includes the BlackBerry® PlayBook™ tablet, the award-winning... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis or otherwise enjoying the outdoors. more



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