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RIM expected to cut 2,000 employees as part of restructuring efforts


News by Dan Seifert on Tuesday May 29, 2012.

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According to a report from The Globe and Mail, Research In Motion is planning to give 2,000 employees pink slips and send them home as it restructures the company. The proposed cuts amount to about 12 percent of RIM's global workforce.

The Canadian smartphone maker has had a rough time the past few quarters as its market share in Western countries has dwindled away, taking revenues and profits with it. The company is pinning its hopes on the next-generation BlackBerry 10 platform, but devices with the new software aren't expected to arrive until later this year.

The Globe and Mail's anonymous sources say that there could be even more than 2,000 laid off as RIM makes its cuts. The rumored layoffs are expected to occur on June 1, a day before RIM's financial quarter officially ends.

RIM did not provide a comment on the report.

source: The Globe and Mail, via: MSNBC

 
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Dan Seifert
Dan is MobileBurn.com's Editor-in-Chief. Based in Poughkeepsie in New York, Dan can be found on Twitter as @DCSeifert.

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