Blackberry Ltd (NASDAQ:BBRY) (TSE:BB) has announced that it is cutting 300 staff from its Waterloo outfit this week as part of a restructuring effort. Earlier this month the company announced that it would seek to rid itself of around 40% of its workforce as it tries to bring costs under control in order to make itself a more attractive buy for prospective investors. The news was picked up by local media source CBC.
The entirety of the job-cutting program amounts to 4500 employees, including the 300 the company...
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