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Showing posts with label private equity buyout. Show all posts
Showing posts with label private equity buyout. Show all posts

September 22, 2013

BlackBerry to fire 4,500 employees as sales of new device plummet

BlackBerry confirmed it was firing 4,500 of its staff on Friday as the struggling smartphone firm said it expects to lose nearly $1bn in the three months to August on disappointing sales of new phones.