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Blackberry has recently joined the ranks of tech companies announcing internal tech layoffs, aiming to streamline costs in preparation for splitting two of its business divisions. The company, formerly renowned for its phones but now focused on software, eliminated up to 200 positions in the last quarter as part of its cost-saving strategy.
This workforce reduction is not the end for Blackberry, as the ongoing quarter will witness additional layoffs in its cybersecurity business, projecting annualized savings of $27 million.
Beyond job cuts, BlackBerry Ltd. is implementing broader cost-saving initiatives, including the cessation of operations at six out of its 36 global office locations.
Moreover, the company has laid out plans to achieve positive cash flow by the fourth quarter of its 2025 fiscal year. For its third quarter, concluding on November 30th, Blackberry reported a loss of $21 million.
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Once a pioneer in business-grade smartphones, Blackberry ceased handset production in 2016 after licensing its brand to partners. The company briefly ventured into Android phones with its Dtek series.
Among the noteworthy Blackberry phones, the Key2 LE stands out for its physical keyboard, synonymous with the brand’s reputation for ease of typing. Conversely, the Blackberry Evolve X, released in 2018, operates on Android OS, forsaking a physical keyboard but featuring a carbon fiber textured finish on the back, maintaining the brand’s distinctive design language.