BlackBerry has laid off 300 more employees based in their Waterloo, Ontario headquarters, as part of the 4,500 layoffs expected while the company prepares to be acquired.
“As previously mentioned, we are in a period of transition and we must focus on enhancing our financial results to be in a better position to compete in this current mobile environment,” said a BlackBerry spokesperson in an emailed statement to the Financial Post.
BlackBerry has trimmed more than 7,000 jobs since 2011 as it attempted to restructure and refocus its product line to better compete with popular handsets from Apple and various Android OS vendors like Samsung and HTC.
4,500 employees are expected to be let go for the next three quarters as the company reels from a recent almost $1 billion loss.
Source: Financial Post