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BlackBerry warns of big loss, 4,500 job cuts; shares dive

By Euan Rocha TORONTO (Reuters) – BlackBerry Ltd warned on Friday it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, rekindling fears of the company’s demise and sending its shares into a tailspin. The company, which has struggled to claw back market share from the likes of Apple Inc’s iPhone and Samsung Electronics Co Ltd’s Galaxy phones, said it expects to report a net operating loss of between $950 million and $995 million in the quarter ended August 31, due to writedowns and other factors.

Quoted from BlackBerry warns of big loss, 4,500 job cuts; shares dive on Gadgets News Headlines – Yahoo! News

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