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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.

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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.

A BlackBerry touchscreen phone. Credit: Anthony Devlin/PA Wire/Press Association Images

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.

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