BlackBerry Warns Of Huge Loss, To Slash Jobs

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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.

File photo of Research In Motion CEO Heins displaying features of Blackberry 10 during his keynote address during the Blackberry Jam Americas in San Jose

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.

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