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The Waterloo, Ont.-based technology company says last quarter it cut around 200 jobs as part of efforts to slash costs.

This quarter, the company says it anticipates further job losses within its cybersecurity business, which it expects to generate annualized savings of around US$27 million.

It's also taking other steps to save money, including exiting six of its 36 global office locations. 

The company says it expects to return to positive cash flow by the fourth quarter of its 2025 financial year.

BlackBerry reported a loss of US$21 million in its third quarter ended Nov. 30. 

This report by The Canadian Press was first published Feb. 12, 2024.

Companies in this story: (TSX:BB)


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The Canadian Press

The Canadian Press

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The Canadian Press is a national wire service that provides real-time stories for more than 600 media companies.

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