BlackBerry starts the layoff process as 300 are fired
BlackBerry has agreed to be taken private in a $4.7 billion deal led by its biggestr stockholder, Fairfax Financial. In addition, another financial firm, Cerberus Capital Management has been sniffing around the company as well. Perhaps more interesting is the name of the tech companies looking at BlackBerry. Those names include Samsung, LG, SAP, Microsoft and Cisco.
Besides the handset and tablet business, BlackBerry offers software based services to the enterprise which companies like Google, SAP and Microsoft might find interesting.
source: GlobeandMail via BGR
1. pokharkarsaga (Posts: 336; Member since: 23 Feb 2012)
Many OSes like BB10 better than android,but they cant survive because they are not open source & don't have healthy ecosystem.open source is the future
5. Martin_Cooper (Posts: 122; Member since: 30 Jul 2013)
Windows isnt open source and its dominating the pc/laptop market for the last decades. Open source doesnt equal success. Jist cause android did it.. Anyway too many mistakes by BB. Mediocore hardware. They came too late. Illusional CEO. All of that equals failure. To succeed in the mobile industry now days you need 3 points. If 1 of 3 is weak you will fail. Great ecosystem. Great OS. Great hardware,
3. Commentator (Posts: 1866; Member since: 16 Aug 2011)
Ha... Ha... Never heard that one before...
6. Dorothy69 (banned) (Posts: 498; Member since: 21 May 2013)
lol ... +1 ... best part - technically you are 200% correctomundo!!
4. PhoneCritic (Posts: 329; Member since: 05 Oct 2011)
I feel for those and their families who lost their Jobs. I bet none of them get a golden parachute like the Co-CEO or Board of directors. Two weeks severance package or maybe 2 weeks pay for every year you worked at Blackberry ( you would have to work at BB for 25+ years to get 1 year worth of paid severance. Meanwhile the guys with the suits< board and Ceos make off for life). Some world we live in.
8. tedkord (Posts: 3375; Member since: 17 Jun 2009)
Place where I worked closed for a while.
Workers got 1 week for every year capped at 16 weeks.
Management got 2 weeks for every year capped at 60 weeks.
If you were management, and you had over 8 years service you got more of your salary as severance than someone with over 30 years.
Guess which party drove the site into the ground.
7. Dorothy69 (banned) (Posts: 498; Member since: 21 May 2013)
R.I.M. may as well just escort everybody else out of the building so they don't have to do it down the inevitable road.
9. boomboom (Posts: 20; Member since: 10 Oct 2013)
blackberry is soon going to "rest in mind" (RIM) of people's memory.
10. ardent1 (Posts: 1861; Member since: 16 Apr 2011)
The irony is Apple is setting up shop to offer talented ex-RIM employees a chance to work at the US H.Q.