TORONTO – Embattled Canadian smartphone maker BlackBerry has laid off 120 employees based at the BlackBerry 2 building in Waterloo, Ont., where the company is headquartered.
The employees worked in BlackBerry’s product development and wireless technology divisions.
The layoffs were part of an ongoing workforce reduction announced in September 2013. The layoffs will eventually impact 4,500 BlackBerry employees globally over the next three quarters.
READ MORE: Hundreds of former BlackBerry staff hunt for new jobs
“BlackBerry is working hard to return to profitability and we continue to optimize our resources to meet our mandatory operational targets,” the company said in a statement.
“We recognize our local employees’ hard work on behalf of our company and the difficulty of this news.”
The smartphone maker is due to announce its fourth quarter earnings for fiscal 2014 at the end of this month.
– With a file from The Canadian Press
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