BlackBerry continues to dismantle itself in agonizingly slow fashion.
The Canadian smartphone maker laid off 120 employees in Waterloo this week, the latest in a string of several small layoffs that are slowly but surely adding up to thousands of lost jobs.
“BlackBerry is working hard to return to profitability and we continue to optimize our resources to meet our mandatory operational targets,” the company said in a statement. “As such, this week’s employee reductions impact BlackBerry’s U.S. and Canadian operations with approximately 120 employees in the Waterloo, Ont., area.”
The employees were part of BlackBerry’s product development and wireless technology team, according to the company.
3,000 cuts are still expected this year in a dramatic cost-cutting move that will reduce BlackBerry’s workforce down to roughly 7,000, barely a third of what it once was as the company’s peak in 2008.
“We recognize our employees’ hard work on behalf of our company and the difficulty of this news,” a spokesperson told Techvibes. “We will do everything in our power to treat our employees with compassion during this time of transition.”