BlackBerry Limited has reported a quarterly loss of nearly $1 billion, in line with last week's warning, days after accepting its largest shareholder's tentative $4.7 billion bid to take it out of the public eye.
BlackBerry has warned that it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, rekindling fears of the company's demise and sending its shares into a tailspin.
Lloyds will axe 15,000 jobs and halve its international presence, a plan its new boss hopes will save 1.5 billion pounds ($2.4 billion) a year by 2014 and return the part-nationalised British bank back to health.
Chief executive Antonio Ho
Mobile phone maker Sony Ericsson said it plans to cut one in five jobs this year in its battle to return to profit as a sluggish market brought a hefty first-quarter loss, as expected.
The world no.4 handset manufacturer, owned by Sweden's
UAE-based developer Tameer is set to axe around half of its workforce amid the slowdown in the UAE real estate market caused by global financial crisis, said a media report.
Tameer last week handed redundancy notices to around 180 employee