According to Wednesday's report, BlackBerry told CBS that it is in the "second phase of our transformation plan," while confirming the following three executives are out the door: Doug Kozak, vice president of corporate information technology operations; Carmine Arabia, senior vice president of global manufacturing and supply chain; and Graeme Whittington, vice president of service operations.
Despite a huge media blitz around BlackBerry 10 smartphones led by CEO Thorsten Heins, turnaround at the Waterloo, Ont.-based corporation has not come easily -- or arguably at all.
BlackBerry posted a first-quarter loss of 16 cents a share on revenue of $3.1 billion. Compared to the same quarter last year, revenue was up from $2.8 billion, translating to a nine percent increase. But the mobile company still suffered an operating loss of $84 million.
Wall Street had also been expecting BlackBerry to report earnings of six cents per share on revenue of $3.36 billion.
And before that, BlackBerry fired its managing director for the United States, Richard Piasentin, following its annual general meeting on July 9.
Roughly one year ago, BlackBerry (then still known as Research in Motion) admitted it would be cutting up to 5,000 jobs over the course of the year as part of restructuring efforts -- not to mention save whatever is left of the bottom line.
Thus, unfortunately we can likely on expect more reports of layoffs and C-level departures in the next few months.