Reuters: Technology News: BlackBerry warns of big loss, to cut 4,500 jobs; shares dive

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BlackBerry warns of big loss, to cut 4,500 jobs; shares dive Sep 20th 2013, 20:13 Tweet Share this Email Print Related News Instant View: Blackberry to cut 4,500 jobs, warns of huge second quarter loss 3:34pm EDT A Blackberry smartphone is displayed in this August 12, 2010 illustrative photo taken in Hong Kong. Credit: Reuters/Bobby Yip TORONTO | Fri Sep 20, 2013 3:35pm EDT TORONTO (Reuters) - BlackBerry Ltd warned on Friday that it expects to report a fiscal second-quarter operating loss next week and that it plans to cut more than a third of its workforce. The company said it expects to report a net operating loss of about $950 million to $995 million in the quarter ended August 31, due to writedowns and other factors. (Reporting by Euan Rocha; Editing by Gary Hill) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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