BLACKBERRY CONFIRMS LAYOFFS

Sep 20, 2013

By AM740 Staff

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It’s a big come down for BlackBerry.

The smartphone maker was once a leader in the industry, but today it revealed that it will lay off 45-hundred employees, or 40 per cent of global workforce.

Blackberry is also expected to report a second-quarter loss of between 950- and 995-million-dollars U-S  next week.

The Toronto Stock Exchange fell back on the news.

The S&P/TSX composite index dropped 120.31 points to 12,806.47.

The Waterloo, Ontario-based company has been conducting a review of its operations that could include the sale of the company.

 

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