From the Boston Globe:
BlackBerry says it will lay off 4,500 employees, or 40 percent of its global workforce, as it reports a nearly $1 billion second-quarter loss in a surprise early release of earnings results.
Let’s do the numbers. How many employees does BlackBerry have? 4,500/0.40 = 11,250. The company lost $1B last quarter. That’s “billion” with a “b”. How much is that per employee? $1,000,000,000/11,250 is about $90,000 per employee. In a single quarter. Wow. Short of handing everybody suitcases full of twenties on their way into the building at the start of every business day and instructing them to burn as much cash as they could, I’m at a loss to understand how a company could lose $90k per employee in a quarter. That’s a rate of $360k a year. Even if they had zero revenue how could they lose that kind of money? Wow.