09/20/2013 03:36 pm ET | Updated Nov 20, 2013

BlackBerry Announces Huge Job Cuts: One Third Of Workforce Cut


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)

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