BlackBerry Ltd. says it’s taking motion to streamline prices, together with reducing jobs, as a part of the continued course of to separate two of its enterprise divisions.
The Waterloo, Ont.-based expertise firm says final quarter it reduce round 200 jobs as a part of efforts to slash prices.
This quarter, the corporate says it anticipates additional job losses inside its cybersecurity enterprise, which it expects to generate annualized financial savings of round US$27 million.
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It’s additionally taking different steps to save cash, together with exiting six of its 36 international workplace places.
The firm says it expects to return to constructive money movement by the fourth quarter of its 2025 monetary yr.
BlackBerry reported a lack of US$21 million in its third quarter ended Nov. 30.
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