BlackBerry to cut 40% of staff
Phone company BlackBerry has announced it is to make 4,500 employees redundant - around 40 per cent of its global workforce.
BlackBerry revenues down by a half
The Ontario-based company BlackBerry said it expects that its adjusted net loss, will be in a range of about $250 million to $265 million (£165.4m) or a loss of 47 cents to 51 cents per share.
BlackBerry said it expects to report revenue for the second quarter of about $1.6 billion, of which roughly 50 per cent is expected to be revenue from its services unit.
The company said it plans to refocus its efforts on the enterprise and high-end consumer markets, offering end-to-end solutions, including hardware, software and services.
More top news
-
Joe Biden vows to fight racial inequality with economic agenda
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
-
Trump reverts to promoting unproven drug as coronavirus treatment
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
-
What the papers say – July 29
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.