BlackBerry Lays Off 300 More Employees in Canada

Posted by Knowlton Thomas

BlackBerry has laid off another 300 employees from its headquarters in Waterloo.

The layoffs are part of an ongoing effort by the company to reduce its workforce by 4,500 over three quarters.

"We are in a period of transition," BlackBerry spokesperson Rebecca Freiburger is quoted as saying. "We must focus on enhancing our financial results."

SEE ALSO: Analyst Firm Tells Everyone to Ditch BlackBerry Immediately

BlackBerry still has $2.6 billion in cash and investments, but its burning through that fast. The company spent $500 million of its cash on-hand during the quarter.

Competing smartphone maker Motorola is setting up shop just 10 minutes away from the company's global headquarters in Waterloo. Motorola joins Jack Dorsey's Square in expressing a strong interest in the Waterloo region, which BlackBerry helped put on the map during its decade-long rise to stardom in the 2000s. Square next year will open a permanent office in the area and hire a team of 30 engineers.

Motorola will arrive first, however, and will be just a short walk from Google's local office in the city's Tannery Building, where Communitech—now a member of Google's new Tech Hub Network for entrepreneurs—also resides.

There's good news for BlackBerry, however, and it comes in the form of BBM. The messaging app was downloaded more than 20 million times by iPhone and Android users during its first week available on the competing mobile platforms.

Photo: Reuters/Mark Blinch

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry® solution in 1999. BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day. The BlackBerry product line includes the BlackBerry® PlayBook™ tablet, the award-winning... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis or otherwise enjoying the outdoors. more



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