BlackBerry to Cut 4500 Jobs Amid Losses

BlackBerry to Cut 4,500 Jobs Amid Losses

BlackBerry has said it is examining "strategic alternatives," including a possible sale of the company.

NEW YORK -- BlackBerry today said it would cut 4,500 jobs as the struggling Canadian smartphone maker retrenches in the face of hefty losses and weak sales of its new handsets.

BlackBerry said it expects a loss of $950 to $995 million in second quarter.

The company's highly-publicized launch of the BlackBerry 10 earlier this year failed to ignite sales.

The company has said it is examining "strategic alternatives," including a possible sale of the company.

Copyright Agence France-Presse, 2013

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