250 more local BlackBerry layoffs as ‘transition period’ continues
In this Wednesday, Jan. 30, 2013, file photo, a man uses his Blackberry as people wait for the Blackberry BB10 launch in Toronto. (Nathan Denette / THE CANADIAN PRESS)
Published Monday, November 18, 2013 5:26PM EST
BlackBerry continues to move through it’s ‘period of transition’, confirming to CTV News that it will part ways with 250 of its Waterloo-based employees this week.
“We must focus on enhancing our financial results to be in a better position to compete in this current mobile environment,” the company said in a statement.
The company plans to cut a total of 4,500 jobs across its operations.
This week’s cuts bring the local total to 850, as 600 employees lost their jobs in October in two waves of cuts.
BlackBerry says it will offer support to affected employees.
Shares of BlackBerry ended Monday trading at $6.17 on the TSX, down four per cent on the day.