BGN Entrepreneur

The Canadian manufacturer of BlackBerry smartphones–Research In Motion has had its market share slump in the face of competition from Apple’s iPhone and competitors using Google’s Android system. The company has already trimmed its strong workforce from a peak of about 20000.
It is expected that the company will reveal significant job cuts of at least 2000 staff soon as part of a global shake-up designed to cut its annual costs by $1bn.

Related posts:

1. Unions Criticize University Cuts
   Ministers were facing mounting anger from union leaders and academics...
2. Amazon Profits Beats Expected
   Amazon has reduced to better than expected profits for the...
3. Baidu Second-quarter Profit Nearly Double-than-expected Growth
   Chinese search engine–Baidu, which accounts for two-thirds of China’s domestic...
4. Man Group Doubles Planned Job Cuts
   Europe’s largest hedge fund company in terms of number of...
5. Worse Than Expected Figures
   Today, shares across the UK, US and Europe tumbled after...