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July 21, 2015

More job cuts at BlackBerry

No official numbers as turnaround plan continues.

By CBR Staff Writer

BlackBerry has unveiled a new round of layoffs as part of its CEO John Chen’s turnaround plan.

The company said: "As BlackBerry moves into the next stage of its turnaround, we remain focused on driving efficiencies across our global workforce. As a result, some employees have been impacted."

BlackBerry declined to say how many employees would get affected with the move. BlackBerry employed about 7,000 people as of September 2014.

The company aims to reallocate resources in ways that will allow it to capitalise on growth opportunities and drive profits across all of its business units.

The latest job cuts follow an earlier round of layoffs unveiled in May this year as part of BlackBerry’s plans to make its weakening device business profitable again.

BlackBerry posted a net loss of $28m in the first quarter of 2015 as the company struggled to sell its smartphones and worked to increase its revenue from software and licences.

The company sold about 1.1 million smartphones during Q1 at an average selling price of $240.

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