J.P. Morgan to stop handing out BlackBerry handsets to employees

J.P. Morgan to stop handing out BlackBerry handsets to employees
Investment giant J.P. Morgan has announced that the firm is no longer handing out free BlackBerry handsets to all of its employees. Starting next year, some of those toiling for the bank will have to shell out their own hard earned cash to buy their own smartphone. The company hopes to save tens of millions of dollars a year by doing this. Those who want to keep their company-issued BlackBerry, will have to pay the monthly invoice for data.

J.P. Morgan is not requiring that those purchasing their own handset buy one with a particular operating system. This new move is just a small part of the bank's new focus on cutting expenses. According to the Wall Street Journal, the financial institution expects its operating expenses to decline 6% next year to $57.67 billion.

Along with the new smartphone policy, the bank says that some company email will no longer be available to read on a BlackBerry device. This news comes just as BlackBerry is getting ready to unveil its first Android powered handset, the BlackBerry Priv. The slider will provide Android users with a high-level of security (Priv is short for 'privacy'), the best-in-class physical BlackBerry QWERTY, and a form factor rarely seen these days.

For BlackBerry users, the Priv gives them the security and QWERTY keyboard that they might already be getting from their BlackBerry device, but with access to Google Play services, and all of the top apps.

source: WSJ

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18 Comments

1. zeeBomb

Posts: 2318; Member since: Aug 14, 2014

These employees ain't loyal...whooooaaaa THESE EMPLOYEES AINT LOYAL!

2. Mxyzptlk unregistered

This doesn't look good for BlackBerry's image.

3. jroc74

Posts: 6023; Member since: Dec 30, 2010

While it isnt as bad as it seems... this: "Along with the new smartphone policy, the bank says that some company email will no longer be available to read on a BlackBerry device." Might be a cause for concern for BB and their JP Morgan contract.

16. meanestgenius

Posts: 22072; Member since: May 28, 2014

Sounds to me it's more like what Dr. Phil is saying. The company most likely doesn't want to pay for their email addresses on a BlackBerry server, or they because people are using old outdated BlackBerry's, of which the company doesn't want to pay a BIS fee for anymore.

29. marorun

Posts: 5029; Member since: Mar 30, 2015

Thats if you use an old BB7 device or older. As they will cut the BES server to save money those wont be able to receive company email.

5. Dr.Phil

Posts: 2366; Member since: Feb 14, 2011

I think it's blown a little out of proportion considering the bank is not saying that they don't support Blackberry, but rather they are just not going to be paying for ANY smartphones for their employees (which by the way, a lot of employers are starting to draw back on spending money on company phones for employees with some employers only letting top employees have them). In the same source article it says the bank is looking at cutting costs all-around: "J.P. Morgan has taken a number of other cost-cutting steps: It reduced the number of hotels it will approve for business trips, leaving some employees seeking manager approval to stay at five-star hotels such as the St. Regis in New York or Claridge’s in London, according to the people familiar with the bank. Some parts of the bank are also testing “ratio seating,” in which employees essentially share desks with others who work at different shifts or those working across multiple office locations, the people close to the bank said." So, again, this is just one part of the company's cost-saving efforts. Also, as to the Blackberry not accessing company emails, it doesn't really give a reason why that would be the case. I can only guess that it would be because the company is no longer going to pay for their email addresses on a Blackberry server or because the people are using very old/outdated 'Berrys.

11. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

A logical possibility.

12. meanestgenius

Posts: 22072; Member since: May 28, 2014

As always, a logical response from you, Dr. Phil.

22. McLTE

Posts: 922; Member since: Oct 18, 2011

wow, the first intelligent reply on this topic. Yes, this is a cost cutting move. No conspiracy for or against any manufacturer; if you people would READ, you'd see that the article states that JP Morgan isn't limiting employees to a particular manufacturer.

4. Elfmonster unregistered

Off topic (but no android stories to post this today): My Nexus 7 got updated today. To 5.1.1. Soooo. That sucks. Crappy Android year just gets dumber annnd dumber.

7. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

In one word, trolling.

30. marorun

Posts: 5029; Member since: Mar 30, 2015

Your nexus 7 was probably completely unusable until today right? Mr Troll..

17. meanestgenius

Posts: 22072; Member since: May 28, 2014

Sounds to me like JP Morgan is switching to a BYOD policy to save on costs. I wonder who their MDM/EMM provider is? If it's BlackBerry or GOOD Technology, BlackBerry will still be making money off of them, as the deal is about to be finalized where BlackBerry will now own GOOD Technology.

25. xq10xa

Posts: 810; Member since: Dec 07, 2010

I am pretty sure BlackBerry will also soon stop handing out phones to employees.....or anyone.

26. meanestgenius

Posts: 22072; Member since: May 28, 2014

Troll logic, smh... You must be substituting for the now "limited" BobbyBuster until his return.

34. BobbyDigital

Posts: 2125; Member since: May 29, 2014

Lmao!! Its cracking me up that my groupie girl is "limited"!

37. meanestgenius

Posts: 22072; Member since: May 28, 2014

Lol! I find it hilarious as well!

35. BobbyDigital

Posts: 2125; Member since: May 29, 2014

I'm pretty sure everyone will soon stop paying any attention to your useless drivel.

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