BlackBerry will also streamline its centralized corporate functions so that each business unit may operate independently and on a profitable and cashflow-positive basis.
Waterloo-based BlackBerry named a new CEO on Monday and says it will no longer pursue a subsidiary initial public offering of its Internet of Things business unit.
Once known for its full-keyboard business phones, BlackBerry saw its business suffer after the launch of Apple s iPhone in 2007 and the rapid adoption of Android-powered smartphones around that time.
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