4 Tech Stock Stories Ready for Midweek Download
BlackBerry (NASDAQ:BBRY): Closing price $9.21
A company spokesperson says that three more mid-level executives at BlackBerry Ltd. have or are in the process of exiting as the embattled smartphone maker continues to reduce costs as sales slump. The departures of Vice Presidents Doug Kozak, Carmine Arabia, and Graeme Wittington, first reported by the Canadian Broadcasting Corp., follow a series of recent executive exits and BlackBerry’s step in July to lay off 250 employees from a research and testing arm.
The spokesperson said in a statement that the firm is in “the second phase of our transformation plan where we will be assessing our organization — from top to bottom — to ensure we have the right people in the right roles with the right skill sets to drive new opportunities in mobile computing.”