CANADIAN PHONE MAKER Blackberry has completed its long drawn-out restructuring that has seen the firm slash roughly 60 percent of its global workforce.
That's according to an internal memo seen by Reuters, in which Blackberry CEO John Chen tells employees that the firm's three-year restructuring process is now complete.
"We have completed the restructuring notification process, and the workforce reduction that began three years ago is now behind us," he said.
This long restructuring period has seen Blackberry cull roughly 60 percent of its global workforce. While it's unclear how many Blackberry staffers have been received pink slips, the firm announced last September that it planned to cut 4,500 staff, or roughly 40 percent of its workforce, following 2,000 redundancies the firm announced in May 2012.
However, now that this process has been completed, Chen said in his memo that the firm will start adding headcount - albeit in small numbers - hinting that Blackberry is slowly moving back to growth.
"More importantly, 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."
As noted by Reuters, Blackberry said that it is also now is now in a position to make strategic acquisitions to strengthen areas that are likely to drive future revenue growth. It seems that the firm has already begun this, having acquired 'anti-eavesdropping' mobile security firm Secusmart last week, as it looks to regain its title as the leader in mobile security.
Chen stressed in the memo there is "no margin for error to complete Blackberry's turnaround to success". µ
Sign up for INQbot – a weekly roundup of the best from the INQ