BlackBerry Ltd has announced that it will be undertaking job cuts at facilities around the world as it consolidates software, hardware and applications business units. The move is part of an effort to take advantage of growth opportunities and try to regain profitability for all of its business segments.
No details concerning the number of employees or locations were announced. However, last month BlackBerry said it was looking at its Swedish locations. Closing those facilities could impact up to 100 employees. As of February 2015, BlackBerry publicly indicated they had 6,225 full-time employees.
In March, the company announced a 16.8 percent fall in quarterly revenue. Most people are familiar with BlackBerry’s fall from a lofty position to only holding a sliver of smartphone market share. Despite the travails for BlackBerry, the stock market has rewarded the company over the last 12 months with 62 percent and 44 percent increases in stock price in the Canadian and U.S. markets respectively.
source: Reuters
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