on September 20, 2013 in World News
BlackBerry to Fire 4,500 Write Down Up to $960 Million
BlackBerry to Fire 4,500 Write Down Up to $960 Million BlackBerry Ltd., the smartphone maker that’s evaluating a sale, will cut 4,500 jobs and record an inventory writedown of as much as $960 million after a new set of devices failed to catch on with consumers. The company, based in Waterloo, Ontario, expects to report a net operating loss of as much as $995 million for the fiscal second quarter, according to a statement. Sales in the quarter were about $1.6 billion, just more than… View Article
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