The Financial Post reports in its Friday edition that BlackBerry's new chief executive officer has his eye on lowering expenses as the company works to split its two main businesses and return the firm to steady profits. A Canadian Press dispatch to the Post quotes John Giamatteo told analysts on a call held Wednesday, a week into his tenure, "A key focus is to return BlackBerry to profitability and positive cash flow, and this requires us to make some tough decisions on our cost structure." Cost-cutting efforts helped the Waterloo software company almost halve its operating cash usage to $31-million in its third quarter, from $56-million a year prior. Much of that was achieved by slashing expenses in the cybersecurity business and in the back office. Mr. Giamatteo believes the company can go further. "BlackBerry's business has significantly pivoted and made a number of acquisitions over the years and we see ways to streamline how our back office works," Mr. Giamatteo said. "For instance, despite recent cost reduction efforts, we still have 36 offices worldwide. We have some duplicative teams." Mr. Giamatteo's remarks come as BlackBerry is charting a new future without its long-time chief executive officer John Chen.