Business

BlackBerry cuts jobs worldwide

TORONTO: Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business.

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The company did not specify how many employees would be affected.

BlackBerry, which reported a 16.8 percent fall in quarterly revenue in March, had about 6,225 full-time employees as of Feb. 2015, according to its website.

The company is reallocating resources to capitalize on growth opportunities and achieve profitability across all its business segments, a company spokeswoman said in an e-mailed statement.

The Waterloo, Ontario-based company last month said it was considering closing its offices in Sweden, a move that would result in the loss of up to 100 jobs.

Up to Friday’s close, the company’s Toronto-listed stock had risen more than 62 percent in the last 12 months, whereas the U.S.-listed stock had risen nearly 44 percent during the same period- Reuters

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