BlackBerry could shed up to 5,000 staff, equivalent to 40% of its workforce, in a desperate effort to bring costs under control, the
The Canadian smartphone maker effectively put itself up for sale in August amid heavy losses from its failed PlayBook tablet and a decline in its handset business, subscriber numbers and revenues.
But it has failed to attract any public offers from private equity companies, although one of its largest shareholders,
BlackBerry is due to deliver its results for the quarter to the end of August on 27 September. Other reports - on which BlackBerry has declined to comment - indicated it wants to try to complete a sale of the company by November. If correct, the latest plans for job cuts, which according to reports would be implemented across the organisation, may herald a retreat to a core business focusing on software and services, where the company has a solid base in large businesses, financial firms and public sector organisations.
A BlackBerry spokesperson said: "We will not comment on rumours and speculation. As previously stated, we are in the second phase of our transformation plan. Organisational moves will continue to occur to ensure we have the right people in the right roles to drive new opportunities in mobile computing."
BlackBerry's share of the fast-growing smartphone market has shrunk over the past two years as Apple, Samsung and others tightened their grip on the sector. More crucially, it has made an operating loss on its business for the past six quarters, net losses total
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