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June 20, 2012
Research In Motion today indicated that it plans to make more cuts to its employee ranks. The company didn't say how many employees are losing their jobs but noted that it has "reduced some positions as part of its program and may continue to do so as the company methodically works through a review of the business."
RIM slashed about 2,000 jobs in July 2011. It had a headcount of about 16,500 employees as recently as May of this year. RIM hopes to save about $1 billion in costs via a restructuring plan that it is currently undertaking. RIM didn't say what departments are being affected by the new headcount reductions, but the company will provide more details in its quarterly earnings report, due June 28. (See Report: RIM to Cut 2,000 More Jobs .)
RIM is in the middle of a protracted reboot of its smartphone platform, and is working feverishly on BlackBerry 10, a brand-new smartphone platform that it hopes will reverse its fortunes in the marketplace. (See OS Watch: How Will BB10 Save RIM? .)
Read more at Information Week.
— Eric Zeman, Information Week
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