BlackBerry has laid off another 120 workers at its Waterloo campus. The cost cutting measure was expected as BlackBerry had already announced it would cut 40% of its workforce. The announcement was made last September. The company released a statement explaining the reduction in staff.
"BlackBerry is working hard to return to profitability and we continue to optimize our resources to meet our mandatory operational targets. As such, this week’s employee reductions impact BlackBerry’s U.S. and Canadian operations with approximately 120 employees in the Waterloo, Ont., area. These employees were part of BlackBerry’s product development and wireless technology team."