More job cuts at former Canadian tech giant

BlackBerry Ltd. is reducing its workforce as part of a broader strategy to cut costs and streamline its operations amid the separation of its two main business divisions, as reported by The Canadian Press.  

The Waterloo, Ontario-based company eliminated about 200 jobs last quarter and expects further layoffs, especially in its cybersecurity division, to save approximately US$27m annually. Additionally, BlackBerry will exit six of its 36 global offices to further reduce expenses. 

Despite a US$21m loss in the third quarter ending November 30—a significant increase from a US$4m loss the previous year—BlackBerry is optimistic about achieving positive cash flow by the fourth quarter of the 2025 fiscal year.