Time is running out for BlackBerry. The company announced on Friday that it is cutting 4,500 jobs and that it will report a net operating loss of roughly $1 billion in its next quarterly earnings report.
I certainly feel bad for the people that lost their jobs, but we all knew this was coming.
Holy cow! I feel for the lost employees but 1B? WOW!
I have a great deal of sympathy for all the hard working, smart people who will get the axe.
My question is: why hasn’t the Board been executed for allowing Silly and Lazy to run this company into the ground?
Where is Vladimir Putin (ex-KGB) when Canada really needs him?
Conventional wisdom always said they were doing fine, right up until it became obvious that they weren’t. Too bad conventional wisdom’s track record isn’t very good in this sector.
“Success is a lousy teacher. It seduces smart people into thinking they can’t lose.”
Bill Gates