1. BlackBerry Says It Will Fire 4,500 Employees, Lost Nearly $1 Billion Last Quarter

    BlackBerry Says It Will Fire 4,500 Employees, Lost Nearly $1 Billion Last Quarter

    BlackBerry just announced that it plans to cut 4,500 jobs.

    It also said it only shipped 3.7 million smartphone last quarter, which is dismally low.

    The company pre-announced earnings, saying it had a net operating loss of $995 million in Q2 this year.

    BlackBerry says it will cut operating expenditures by 50% by 2015.

    It's also planning to refocus on enterprise customers instead of normal consumers. BlackBerry is cutting its smartphone lineup from six models to four models.

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    1. Our enterprise business continues to reflect the trust that governments and businesses have placed in the BlackBerry platform.
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