The restructuring is through! Over at Yahoo Finance it has been reported that an internal memo went out to all employees giving them the good news.
“We have completed the restructuring notification process, and the workforce reduction that began three years ago is now behind us. 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,”
The memo was authored by our man John Chen and included a heartfelt thank you to the BlackBerry employees who had stuck it out through the painful times. Our man Chen reiterated to the readers that he is confident that the company will be cash flow positive by the end of the fiscal year.
This has been a trying time for BlackBerry, and an exciting time for BlackBerry fans. We have seen BlackBerry on the cusp of no longer existing to what we have now. And what is it we have? Is it a tiny niche company which so many have said was BlackBerry’s only hope? Personally, I think it’s a little more than that. BlackBerry is still at the cutting edge of mobile tech. And while we have yet to see a BlackBerry phone released that has taken the world by storm, we have seen several very successful launches of the Z3 in key markets. And with the upcoming Passport, we are seeing something no other phone manufacturer has done this year, and that’s put out a truly innovative phone. BlackBerry is the undisputed leader in the MDM game. And with QNX, we are seeing our cars turn smarter, and it’s even allowing the competition to put their products in cars. Remember, when you see Android or iOS in upcoming vehicles, there’s no reason to be upset, because both of those systems need QNX to make it work.
Here we have it. BlackBerry is done with the painful part of the turnaround. The rumored additional 2000 layoffs that some were so convinced were coming, didn’t happen. BlackBerry is still producing phones, is successful in it’s other key areas, and I don’t believe I am being too optimistic in thinking that the company has entered a growth phase. Look at the evidence. Key hires of top level executives, executives that have worked with John Chen in the past and have previously brought a company back from the brink. BlackBerry will be increasing their headcount in certain key areas. And lets not forget about Secusmart. Yes, our ‘dying’ company, that is supposed to terminate an additional 2000 people on top of the original planned cuts, just acquired Secusmart. A company that was making national news the day before BlackBerry announced the acquisition.
Things are looking up UTB-ers. Be happy, be excited, because John Chen and his team are bringing the company we love back to greatness.