BlackBerry Cuts 200 Workers, Plans to Trim Headcount Further
After cutting approximately 200 jobs, BlackBerry is planning to pull out the axe again.
What’s happening at BlackBerry?
In a news release on Feb. 12, the Waterloo-based tech giant said its recent cost-cutting measures were “largely focused on the Cybersecurity business.”
“During the current quarter, BlackBerry is taking further actions to streamline its cost structure,” the release reads.
“Within the Cybersecurity business, additional headcount reductions are expected to generate annualized savings of approximately $27 million and non-headcount actions an incremental $8 million.”
The company added that it has exited six of its 36 global office locations, including San Ramon, California.
Impact on Canadian staff
It remains unclear if any Canadian employees at BlackBerry have been let go.
According to the company’s LinkedIn page, it has more than 1,600 workers in the country.
Is BlackBerry still splitting into two companies?
Yes, BlackBerry is moving ahead with its separation plans.
While the company scrapped its initial public offering (IPO) plans for its Internet of Things (IoT) business in December, it still intends to split the IoT and Cybersecurity businesses into standalone entities.
Leadership teams have reportedly been established for both divisions.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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