BlackBerry warns of huge loss, to slash jobs

Fri Sep 20, 2013 3:24pm EDT
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TORONTO, Sept 20 (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 Aug. 31, due to writedowns and other factors.