In a leaked internal memo, BlackBerry CEO John Chen has announced to BlackBerry employees that the restructuring of BlackBerry is over. The three year restructuring process that included layoffs of over 10,000 employees, sales of real estate holdings and other cost cutting efforts is over, according to John Chen.
"We have completed the restructuring notification process, and the workforce reduction that began three years ago is now behind us", said Chen. "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 stated.
Chen, who took over from Thorsten Heins a little over eight months ago, used his experience in turning around troubled companies such as Sybase, Inc, to his advantage and has now stopped the flow of financial blood loss at BlackBerry. Chen has refocused BlackBerry's vision to concentrate on mobile data security and mobile device management, while still keeping an eye on the consumer market.
John Chen in the memo also stated that there is, "no margin for error to complete BlackBerry's turnaround to success", and reminded BlackBerry employees to stay focused on the upcoming releases of the BlackBerry Passport and BlackBerry Classic devices in the fall.
What do you think of John Chen's memo? It this the new BlackBerry? Is there only up from here now? Let us know in the comments below.