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BlackBerry Cuts Jobs

BlackBerry Cuts Jobs

The latest announcement follows a 16.8 percent fall in March quarterly revenue at BlackBerry. The company didn’t say how many jobs would be affected, but in February it had about 6225 full-time staff.

BlackBerry said it is reallocating resources to capitalise on growth opportunities and achieve profitability.

The Canadian company also plans to buy back and cancel as many as 12 million shares, or 2.6 percent of its public float, to offset a new employee share purchase plan.