Canada's BlackBerry to lay off more staff in cost-cutting drive

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Canada's BlackBerry to lay off more staff in cost-cutting drive
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The company's new target is in addition to a $50 million annualized cost reduction plan announced and 200 job cuts in the prior quarter. The company, which ...

- Canada's BlackBerry said on Monday it was targeting an additional increase of $100 million in its annual profit as the cybersecurity firm slashes costs, including reducing workforce.

Leadership teams for both divisions have been established, BlackBerry said, adding that it is in talks with a leading external consulting firm with the unit separation in progress. The European Central Bank has urged big banks to handle the region's business with local staffers instead of relying on London-based decision makers. -- Auto-parts supplier Forvia SE is poised to cut roughly 13% of its European workforce over the next five years, with plans to tap artificial intelligence to better compete with Asian rivals in the shift to electric cars.

‘This is the angriest I've ever been’: 24-year-old astrologer lost $440,000 by day trading crypto and now lives on credit card debt. Caleb Hammer respondsVisitors to the Eiffel Tower were turned away because of a strike over poor financial management at one of the world’s most-visited sites. -- Small investors have started to ease back into crypto, even if they are not yet rushing in headfirst the way they did during the last bull market three years ago.

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