Canadian Telecom Company BlackBerry Worldwide, it has decided to lay off 4,500 or 40 percent of its workers. The company is set to release its second quarter financial results next week, with a risk of a loss of about ৫ 995 million. The company’s share price fell about 18% after BlackBerry’s decision. Last August, the firm announced plans to sell itself.

One issued on Friday In the statement BlackBerry CEO Thorstein Hines said they made the difficult but necessary decision to move the company into a profitable position. From now on, BlackBerry service will be provided only for enterprise and professional users.

BlackBerry The disappointing sales of Z10 smartphones have further compounded the company’s losses. In the second quarter of this year, the smartphone maker, led by Mr. Hines, was able to sell only 3.6 million devices. Most of these handsets are powered by the old BB6 operating system. And BlackBerry has not revealed how many new BB10 OS based smartphones have been sold at this time. Meaning the number will not be too much. However, in the last three months, the company’s enterprise customer base has grown from 19,000 to 25,000.

In the near future, they will reduce their scope BlackBerry. The company will then offer only four models of smartphones, two of which will be high-end and two entry-level. Its new Z30 flagship smartphone Z10 will be coming to the market.