BlackBerry’s Loss Is Apple’s Gain
Less than a month after BlackBerry (NASDAQ:BBRY) announced it was slashing its workforce by about 40 percent, another fruit-inspired tech company has already offered to give some of those laid off workers a job. Apple (NASDAQ:AAPL) recently hosted a recruitment drive not far from BlackBerry’s headquarters in Waterloo, Ontario, reports the Financial Post.
Apple is trying to entice some current and former BlackBerry employees to leave the troubled Canadian smartphone maker for the Cupertino-based company that may have helped seal BlackBerry’s fate with the introduction of its standard-setting iPhone. Apple invited some BlackBerry employees to attend the local recruitment session via a LinkedIn (NYSE:LNKD) e-vite that was obtained by the Financial Post.
“Most positions will be based in Cupertino, CA. Relocation and immigration assistance will be provided for candidates that are hired, as needed,” stated the invitation. Apple may soon have plenty of willing applicants. Approximately 5,700 BlackBerry employees will be laid off as the Canada-based smartphone maker looks to reduce its total workforce to about 7,000 employees.
However, Apple isn’t the only tech company looking to acquire some of BlackBerry’s talented workforce. According to the Financial Post, chip maker Intel (NASDAQ:INTC) also recently held its own local recruitment event.
Google (NASDAQ:GOOG)-owned Motorola Mobility is another BlackBerry rival that is quickly moving to take advantage of the established engineering talent pool in the area. Only a few days after BlackBerry announced its layoffs, Motorola Mobility announced its plan to open a new office in the Kitchener-Waterloo area, reports the Financial Post.
Here’s how Apple and BlackBerry have traded over the past five trading sessions.
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