BlackBerry lays off 250 employees

BlackBerry has laid off about 250 of its employees at its headuarters in Waterloo, Ontario, as part of its latest move to trim costs, the smartphone maker said on Thursday. “This is part of the next stage of our turnaround plan to increase efficiencies and scale our company,” a BlackBerry spokeswoman said. The company, which last year cut thousands of jobs, recently hinted that more reductions were in the offing. Last month, BlackBerry reported dismal quarterly results which triggered a 28% plunge in its share price.

Sales of its make-or-break new line of smartphones came in well below some analysts’ expectations. The results offered little evidence that the company could quickly win back market share from Apple Inc.’s iPhone as well as Samsung Electronics Co Ltd’s Galaxy devices and other phones powered by Google’s Android operating system. The company, which had roughly 12,700 full-time employees, as of March 2, said the employees being laid off were part of the new product testing unit, a team that supports its manufacturing, research and development efforts.

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