Research in Motion will lay off some 5,000 employees as it restructuresitself this year.
The announcement comes as the tech giant reports an adjusted loss per share of $0.37 for the quarter ended May 31, missing analyst expectations for a loss of $0.07.
The news sent shares down nearly 20 percent in after hours trade, falling to nine-year lows.
Net sales tumbledmore than 42 percent year-on-year, falling to $2.81 billion.
"I am not satisfied with these results and continue to work aggressively with all areas of the organization and the Board to implementmeaningful changes to address the challenges, including a thoughtful realignmentof resources and honingfocus within the Company on areas that have the greatest opportunities," RIM's CEO Thorsten Heins said.
During the quarter, RIM shipped 7.8 million Blackberry devices, below the 8.74 million units Wall Street had projected. Playbook sales beat expectations slightly, as the firm sold 260,000 units, but were far lower than the 500,000 shipped in the year ago period.
Sales continue face pressure from the consumer shift to Apple and Android powered devices, which together account for more than three-quarters of the smartphone market.
The Blackberry manufacturer said it would delay its new operating system, Blackberry 10, until the first quarter of 2013.
"The integrationof these features and the associated large volume of codeinto the platform has proven to be more time consuming than anticipated," RIM said in a statement.
快訊:6月29日凌晨消息,RIM今天宣布裁員5000人,相當于裁減30%的員工,這是此前宣布的今年削減10億美元支出計劃的一部分。RIM第一財季黑莓設備出貨量為780萬部,營收比去年同期下降42%,僅為28.1億美元,凈虧損營收同比下滑33%,達5.18億美元,平均每股虧損37美分。同時黑莓制造商聲明,因為在整合新功能的過程中遇到了許多困難,黑莓10將推遲到2013年第一季度發布。