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BlackBerry Halts Trading, Cutting 4,500 Jobs in Restructuring

by Roy Choi | September 20, 2013September 20, 2013 12:31 pm PDT

blackberry z10 heins

BlackBerry announced Friday it plans on cutting 4,500 jobs in a major restructuring strategy. Earlier in the day BlackBerry halted trading with “news pending” on the Toronto Stock Exchange and NASDAQ.

BlackBerry’s restructuring strategy has been rumored from complete liquidation to massive layoffs. Many pundits and consumers have criticized the Waterloo company’s actions as too late to compete against Android and Apple iOS devices.

CNBC

Roy Choi

Roy Choi is a Southern California native. He has been infatuated with technology reviews ever since he bought his first crummy laptop in the summer...

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