What Do Last Week’s Layoffs Really Mean for BlackBerry?

It’s not the number of layoffs that are the issue. It’s the type of people the company’s letting go.

| More on:
The Motley Fool

Since its peak of around $133 back in the summer of 2008, BlackBerry‘s  (TSX:BB) falling share price has scared a lot of investors away.  And if the news from last week is any indication, investors would do well to stay away. In the following video, Motley Fool analyst Lyons George discusses why the latest round of layoffs at the Canadian smartphone company are particularly troubling — and why even the most courageous of value investors should think twice before reaching for BlackBerry.

Not all Canadian companies are as volatile as BlackBerry.  For a profile of some of the best this country has to offer click here now and download our FREE report “5 Stocks to Replace Your Canadian Index Fund”.  One of the 5 just got taken out a huge premium.  Click here now to learn about the other 4, at no charge!

The Motley Fool’s purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool Canada’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead.

Follow us on Twitter and Facebook for the latest in Foolish investing.

This post was created by Fool.com contributor Lyons George.   

Fool contributor Lyons George does not own shares of any of the companies mentioned at this time.  David Gardner owns shares of Apple and Google.  Tom Gardner owns shares of Google.  The Motley Fool owns shares of Apple and Google.          

More on Investing

Safety helmets and gloves hang from a rack on a mining site.
Stocks for Beginners

Canada’s Infrastructure Boom May Be Closer Than You Think – Here’s How to Position Now

Canada’s infrastructure boom may reward the behind-the-scenes TSX suppliers, not just the headline megaproject names.

Read more »

woman looks at iPhone
Dividend Stocks

All It Takes is $3,000 in Telus to Generate Hundreds in Passive Income

Investors looking to generate nearly $300 in passive income only need to start with a $3,000 investment right now.

Read more »

child looks at variety of flavors at ice cream store
Stocks for Beginners

The Key Things to Understand Before Holding U.S. Stocks in a TFSA

Canadians love U.S. stocks in their TFSAs, but dividends, currency, and account choice can quietly change the math.

Read more »

monthly calendar with clock
Dividend Stocks

Looking for Monthly Income? This 5.8% Dividend Stock Is Worth a Look

This Canadian monthly dividend stock offers a consistent payout backed by stable oil production and long-life assets.

Read more »

Runner on the start line
Stocks for Beginners

2 Growth Stocks That Could Be Positioned for a Strong Run in 2026

Despite their recent rally, these two TSX growth stocks could still have plenty of upside left in 2026.

Read more »

investor looks at volatility chart
Dividend Stocks

This TSX Dividend Stock Has Fallen 20% – and I’d Still Consider It Worth Owning

This TSX dividend stock has dropped 20%, but its stable income and disciplined strategy still look impressive.

Read more »

Young Boy with Jet Pack Dreams of Flying
Investing

The Canadian Stocks I’d Focus on for Growth Potential in 2026

These five Canadian stocks offer different forms of growth potential in 2026, making them some of the best Canadian stock…

Read more »

Metals
Stocks for Beginners

Why These 2 Canadian Stocks Look Like Bargains Right Now

These two TSX stocks look cheap, but still have the cash flow and balance sheets to keep rewarding shareholders.

Read more »