Although BlackBerry fans are happy with how CEO John Chen has been handling the company, the same probably can't be said about the 120 Waterloo workers that lost their jobs at the company this week. The employees were part of BB's product development and wireless technology teams. This is the first major cut of workforce since BlackBerry laid off "several dozen" members of its US sales team last September. As BlackBerry signed a partnership with the "do-it-all" Chinese contract manufacturer Foxconn, it's safe to assume that it no longer needs to maintain these divisions locally.
BlackBerry's brief statement on the matter reads as follows: