Sales force cut at struggling BlackBerry

Oliver Smith
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STRUGGLING smartphone maker BlackBerry has cut dozens of sales staff from its US office in a sign of further decline in the company.

BlackBerry has struggled in recent years to compete with rival smartphones from Apple and Google.

On Monday it was reported that Fairfax Financial, BlackBerry’s largest shareholder, had approached several Canadian investment funds about forging a deal to take the company private. Fairfax chairman and chief executive, Prem Watsa, has left BlackBerry’s board already to avoid any possible conflict of interest as the company assesses its options.

Its share price has fallen 95 per cent from $227 (£143) in 2007.

Yesterday its share price fell two per cent to $10.7 a share.