Blackberry is planning to cut around 200 jobs at its Canadian headquarters and Sunrise, Fla., office, the Wall Street Journal reported.
The cuts come as the device-maker struggles to stay relevant in a rapidly changing smartphone market.
Over the past year, the company has turned to its software business as a focus for the future of the company. Blackberry CEO John Chen has said the company may abandon its handset device unit entirely if a turnaround doesn’t take.
Though Blackberry said it had 6,225 employees as of the end of its last fiscal year in Feb. 2015, that figure has likely dropped since a round of an unspecified number of global cuts was implemented in the company’s device unit in May 2015.
In its fiscal third-quarter results in December, Blackberry reported a year-over-year decrease in revenue from $793 million in 2014 to $548 million. Losses were down to $89 million from $148 million the year before.
At the time, Chen said he was pleased with the company’s turnaround efforts and pointed to the launch of the Priv, Blackberry’s first Android-based smartphone, as a bright spot.
As of 11 a.m. ET Monday, Blackberry shares were down almost four percent on news of the cuts.