BlackBerry cuts 'end of company as we know it'
Phone company BlackBerry could survive as a much smaller player, an analyst has told Reuters, after it announced that it would cut around 40% of its global workforce.
BGC Partners analyst Colin Gillis said: "This is the end of the BlackBerry as we know it.
"This is a major pivot. They are cutting half of their employees and they're going to focus on becoming a niche player focused on the enterprise."
He added: "The company has sailed off a cliff...What do you expect when you announce you're up for sale? Who wants to commit to a platform that could possibly be shut down?"
More top news
Blustery showers in the far north but fine elsewhere
There will be blustery showers around the fringes of Scotland which will continue to be on and off throughout the course of tomorrow.
US city places curfew on children in a bid to cut crime
Tough new curfews on children and young people have been introduced to try and cut crime in the US city of Baltimore.
Hamas footage claims to show tunnel attack
Unverified footage aired on Hamas TV claims to show its fighters attacking an Israeli army watchtower.