BlackBerry will cut 4,500 jobs, lose almost $1 billion in Q2

In line with yesterdayÂ's WSJ report, BlackBerry announced that it will cut 4,500 jobs as part of a plan to reduce its operating expenditures over the next year. Furthermore, the struggling Canadian company is expected to post a loss of almost $1 billion in the fiscal Q2 of 2014. The eye-watering loss is a result of lackluster sales of the BlackBerry Z10 smartphone. The company will take a hit against inventory and supply commitments involving the failed smartphone.

GSM Arena , BlackBerry will cut 4,500 jobs, lose almost $1 billion in Q2, BlackBerry will cut 4,500 jobs, lose almost $1 billion in Q2