BlackBerry to retreat from consumer market, lay off 4,500 employees

p As was reported earlier this week, BlackBerry will be laying off 4,500 employees, over a third of its workforce. The layoff comes in an unexpected early earnings guidance release, in which the struggling manufacturer reveals it lost almost $1 billion last quarter. The loss is mainly attributable to the failed launch of BlackBerry's Z10 smartphone. The company says it expects a "primarily non-cash, pre-tax charge against inventory and supply commitments in the second quarter of approximately $930 million to $960 million" due mainly to the Z10.

via Tech News Headlines - Yahoo! News http://www.theverge.com/2013/9/20/4753080/blackberry-cutting-4500-jobs-shifts-focus-to-prosumer-and-enterprise