BlackBerry (BBRY) Completes Corporate Turnaround Amid Three-Year Slump

BlackBerry (Nasdaq: BBRY) is in focus today following news that the company's restructuring effort is largely over.

CEO John Chen even said BlackBerry might start hiring again soon. Citing a company memo sent out last Friday, Reuters quotes Chen as saying, We have completed the restructuring notification process, and the workforce reduction that began three years ago is now behind us ... 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.

BlackBerry shrunk its workforce by 60 percent over the last three years, as the company saw its mobile market share erode due to high competition from Apple (Nasdaq: AAPL) and Google (Nasdaq: GOOG) Android-powered devices.

Chen also thinks BlackBerry is in the position to make strategic acquisitions aimed at strengthening key areas and driving future growth.

Shares of BlackBerry are up over 3 percent Tuesday.

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