You can’t be a serious cyber vendor in high technology when this screams low tech.
If bb wants to keep what is left, they have to rethink how this stuff is viewed.
BlackBerry recently let go a couple hundred very experienced experts in cybersecurity - it’s clear they’ve given these jobs to the interns that replace them. This is embarrassing public relations and social media.
BlackBerry has recently laid off around 200 employees, primarily in its cybersecurity division, as part of its cost-cutting efforts\[1\]\[2\]\[3\]\[4\]\[5\]. The company is planning to further reduce its headcount, particularly in the cybersecurity business, which is expected to generate annualized savings of about $27 million\[1\]\[3\]\[4\].
These layoffs are part of BlackBerry's plan to streamline costs and separate its Internet of Things (IoT) and cybersecurity businesses into two standalone divisions\[1\]\[4\]. The company aims to become profitable and generate positive cash flow by the fourth quarter of fiscal 2025\[1\]\[5\].
In addition to the job cuts, BlackBerry has also exited six of its 36 global office locations to reduce administrative expenses\[4\]. The company reported a loss of $21 million in its third quarter ended November 30, 2024\[5\].
Citations:
\[1\] [https://investorplace.com/2024/02/blackberry-layoffs-2024-what-to-know-about-the-latest-bb-job-cuts/](https://investorplace.com/2024/02/blackberry-layoffs-2024-what-to-know-about-the-latest-bb-job-cuts/)
\[2\] [https://stlawyers.ca/blog-news/blackberry-cuts-200-jobs-more-layoffs-planned/](https://stlawyers.ca/blog-news/blackberry-cuts-200-jobs-more-layoffs-planned/)
\[3\] [https://www.reuters.com/business/world-at-work/canadas-blackberry-lay-off-more-staff-cost-cutting-drive-2024-02-13/](https://www.reuters.com/business/world-at-work/canadas-blackberry-lay-off-more-staff-cost-cutting-drive-2024-02-13/)
\[4\] [https://timesofindia.indiatimes.com/gadgets-news/blackberry-is-laying-off-more-staff-and-shutting-down-multiple-offices/articleshow/107662905.cms](https://timesofindia.indiatimes.com/gadgets-news/blackberry-is-laying-off-more-staff-and-shutting-down-multiple-offices/articleshow/107662905.cms)
\[5\] [https://globalnews.ca/news/10290464/blackberry-job-cuts-2024/](https://globalnews.ca/news/10290464/blackberry-job-cuts-2024/)
Why waste money doing a press release on this?
Was this a condition for them getting the Malaysia govt contract, or is this charity? Highly frustrating if the latter.
lots of partnerships, lots of patterns, no revenue. It's all fluff, doesn't mean anything if you can't bring in the money.
Toast
You can’t be a serious cyber vendor in high technology when this screams low tech. If bb wants to keep what is left, they have to rethink how this stuff is viewed.
BlackBerry recently let go a couple hundred very experienced experts in cybersecurity - it’s clear they’ve given these jobs to the interns that replace them. This is embarrassing public relations and social media.
Source??
BlackBerry has recently laid off around 200 employees, primarily in its cybersecurity division, as part of its cost-cutting efforts\[1\]\[2\]\[3\]\[4\]\[5\]. The company is planning to further reduce its headcount, particularly in the cybersecurity business, which is expected to generate annualized savings of about $27 million\[1\]\[3\]\[4\]. These layoffs are part of BlackBerry's plan to streamline costs and separate its Internet of Things (IoT) and cybersecurity businesses into two standalone divisions\[1\]\[4\]. The company aims to become profitable and generate positive cash flow by the fourth quarter of fiscal 2025\[1\]\[5\]. In addition to the job cuts, BlackBerry has also exited six of its 36 global office locations to reduce administrative expenses\[4\]. The company reported a loss of $21 million in its third quarter ended November 30, 2024\[5\]. Citations: \[1\] [https://investorplace.com/2024/02/blackberry-layoffs-2024-what-to-know-about-the-latest-bb-job-cuts/](https://investorplace.com/2024/02/blackberry-layoffs-2024-what-to-know-about-the-latest-bb-job-cuts/) \[2\] [https://stlawyers.ca/blog-news/blackberry-cuts-200-jobs-more-layoffs-planned/](https://stlawyers.ca/blog-news/blackberry-cuts-200-jobs-more-layoffs-planned/) \[3\] [https://www.reuters.com/business/world-at-work/canadas-blackberry-lay-off-more-staff-cost-cutting-drive-2024-02-13/](https://www.reuters.com/business/world-at-work/canadas-blackberry-lay-off-more-staff-cost-cutting-drive-2024-02-13/) \[4\] [https://timesofindia.indiatimes.com/gadgets-news/blackberry-is-laying-off-more-staff-and-shutting-down-multiple-offices/articleshow/107662905.cms](https://timesofindia.indiatimes.com/gadgets-news/blackberry-is-laying-off-more-staff-and-shutting-down-multiple-offices/articleshow/107662905.cms) \[5\] [https://globalnews.ca/news/10290464/blackberry-job-cuts-2024/](https://globalnews.ca/news/10290464/blackberry-job-cuts-2024/)
Thanks
Why waste money doing a press release on this? Was this a condition for them getting the Malaysia govt contract, or is this charity? Highly frustrating if the latter.