Mobilicity today announced that it has received protection from creditors under Canada’s Companies’ Creditors Arrangement Act (CCAA) as it tries to complete “a going-concern transaction.” The deal is already undergoing review by Industry Canada. This transaction is likely a sale of its network, assets and spectrum licenses. Who the buyer remains unclear but one possible candidate would be Catalyst Capital, […]
Company restructuring
BlackBerry to cut up to 40 percent of its workforce?
BlackBerry just cannot get a break these days. On what should have been a day full of good news with the BlackBerry Z30 launch and upcoming availability of BBM for Android and iOS within days, the bad news could not stay away. Citing unnamed sources, The Wall Street Journal reports that the company could be readying to cut up to 40 […]
HTC lays off 20 percent of U.S. workforce
BlackBerry is not the only company around which dark clouds are gathering. HTC is another company that is currently struggling and was hit with more bad news yesterday when it laid off about 20 percent of its staff at its HTC America division. The Verge has learned that about thirty employees and contractors out of around 150 staff were let go […]
BlackBerry lays off more than half of salesforce? (Updated)
BlackBerry has been hit with another round of layoffs. The scale of the latest round of job cuts appears to range from “a small number of employees” according to a company spokesperson to “more than half its salesforce” according to CanTech Letter which first broke the story. The latter adds that a source described the consumer sales department as basically […]
BlackBerry considering spinning off BBM
The once unthinkable could soon happen: BlackBerry is thinking about spinning off BlackBerry Messenger, its messaging platform, into a separate company. With the company about to open BBM up to Android and iOS, the move could help revive BBM’s fortunes against competing platform like Whatsapp, a cross-platform service that earlier this month announced it now had more than 300 million […]
More job cuts at BlackBerry
The bad news continues for BlackBerry. The company today confirmed that it cut another 100 positions yesterday in what it calls the second phase of its transformation plan. Without confirming specific numbers, BlackBerry did confirm the cuts with the following statement: “As previously stated, we are in the second phase of our transformation plan. As such, this week’s employee reductions, […]
BlackBerry lays off 250 at testing facility
Rumours that more layoffs were coming to BlackBerry have turned out to be true. The company today confirmed the layoff of 250 employees at its product testing facility in Waterloo, Ontario. Involved in a number of manufacturing and research and development support roles, they got their notice on Tuesday. According to company spokeswoman Lisette Kwong: “This is part of the next […]
Microsoft announces major restructuring
The rumours were true and Microsoft today announced a “far-reaching realignment of the company.” In a memo published today on its website, Microsoft CEO Steve Ballmer outlines how the company will become “One Microsoft” with an organization centered around devices and services. He explains the changes this way: “One Strategy, One Microsoft.” Going forward, our strategy will focus on creating […]