BlackBerry is continuing the layoffs, announcing 80 people were laid off in Waterloo this week. The company is in transition and is moving to reduce its workforce by 4500. They will be a much smaller company when this round of layoffs is over, but it is necessary.
The company's stock hit a 10 year low. Let's just hope there is nowhere to go but UP!
BlackBerry said in an email the cuts this week include "approximately 80 employees in Waterloo," adding "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."
"We recognize our local employees’ hard work on behalf of our company and the difficulty of this news," the statement said.
"We recognize our local employees’ hard work on behalf of our company and the difficulty of this news," the statement said.
The company's stock hit a 10 year low. Let's just hope there is nowhere to go but UP!