To further optimise its cost structure, BlackBerry is cutting roles within its cybersecurity division, which will save approximately $27 million per year
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Demand from graduates for fresher roles has also drastically declined by 37.4% between December 2022-23. Roles in admin were at the top with an 11.5% share in postings with sales, marketing & management rounding up the top five sectors that hired freshers
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The new hires will be onboarded across multiple technology domains including artificial intelligence
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It has also been decided to establish an actuary within EPFO so that future pension work on higher wages may be handled more efficiently
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The company has recruited 35 management graduates and is planning to onboard more than 50 MBAs in the coming days
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In addition to the presence in Gurugram, Bengaluru and Chennai, the company is looking to expand in India by creating new development centres in Pune and Kolkata
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An official statement regarding the layoffs might come as early as next week, coinciding with the company's earnings call on 14 February
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The efforts are aimed at maintaining investor interest amidst persistent financial troubles
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