AAPL Stock: 112.12 ( + 2.62 )

Printed from

BlackBerry CEO: restructuring effort over, time to look to the future

updated 08:31 am EDT, Tue August 5, 2014

Chen expects profitability before the end of the year for BlackBerry

According to an internal memo circulating around the company, BlackBerry has exited its internal reorganization process. CEO John Chen told the remaining staff that "the workforce reduction that began three years ago is now behind us." The memo declares that the company is now on the path to profitability, and will start making strategic acquisitions to boost the company's growth.

Efforts taken to stop hemorrhaging cash included over 10,000 layoffs and sale of real estate. Additionally, the company has streamlined relationships with vendors, and ended relations with some long-time partners, citing a drain on company resources.

While the effort may be over, Chen also warned the company that there was "no margin for error to complete BlackBerry's turnaround to success" and that the road ahead is still perilous. He told remaining employees to remain focused on the future, and the upcoming launch of the company's new phones.

Possibly boosting morale in the staff, Chen said that "barring any unexpected downturns in the market, we will be adding headcount in certain areas such as product development, sales and customer service, beginning in modest numbers." The recent acquisition of Secusmart is likely the first wave of new employees for the company.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Polk Hinge Wireless headphones

Polk, a company well-established in the audio market, recently released a new set of headphones aimed at the lifestyle market. The Hin ...

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...


Most Commented