BlackBerry Lays Out Future Plans, Losses, 4 More Devices, Staff Reduction & More

BlackBerry Logo Black BlackBerry Lays Out Future Plans, Losses, 4 More Devices, Staff Reduction & MoreBlackBerry just sent out a preliminary Q2 press release stating much information that investors and consumers wanted to hear. What does the future hold. While there has been a reduction in devices planned from 6 to 4(to keep in current BlackBerry 10 portfolio), 2 low-end and 2 high-end devices, BlackBerry will continue to focus on these enterprise and prosumer-centric devices.

As far as their restructuring plan an approximate of 4,500 position employees are expected to get laid off by end of Q1 Fiscal 2015.  The company will continue to evaluate  strategic alternatives however sees a tremendous growth and opportunity on their BES10 business side.

Thorsten Heins, President and Chief Executive Officer of BlackBerry said, “We are implementing the difficult, but necessary operational changes announced today to address our position in a maturing and more competitive industry, and to drive the company toward profitability. Going forward, we plan to refocus our offering on our end-to-end solution of hardware, software and services for enterprises and the productive, professional end user. This puts us squarely on target with the customers that helped build BlackBerry into the leading brand today for enterprise security, manageability and reliability.”

For details on the revenue/business side see the full press release.

 BlackBerry Lays Out Future Plans, Losses, 4 More Devices, Staff Reduction & More
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 BlackBerry Lays Out Future Plans, Losses, 4 More Devices, Staff Reduction & More

Comments

  1. AKA_GodinGal author says

    I feel so bad for the people who are losing their jobs, this is just so bad for everyone. Is this where we say, “Keep the faith”?

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