September 21, 2013 2:18 PM

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Blackberry announces a cut of 4,500 jobs

Blackberry has announced a cut of 4,500 jobs, or 40 per cent of its worldwide workforce in the face of huge losses.The smart phone maker Canadian company said it anticipated a loss of 995 million dollars in its second-quarter earnings. Its shares closed 17 per cent down after the announcement.

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