RIM to slash 2,000 jobs

RIM to slash 2,000 jobs

RIM is to cut 2,000 jobs, amounting to around 10% of its global workforce.

The Canadian manufacturer is also overhauling its management structure with the departure of its COO Don Morrison, who went on medical leave in June.

Morrison’s job will be split into two roles. RIM said that it will inform employees affected by the cuts this week.

However, there has been no move as yet to end the much criticised shared roles of joint chief executives and chairmen Mike Lazaridis and Jim Balsillie.

Shares in the company fell by 41 cents, or 1.5%, in pre-market trading, continuing a downward trend. Shares at the company have fallen by 45% since the start of June 2010.

The cuts come as RIM struggles to hold onto its share in the smartphone market and grow share in the tablet arena. RIM’s recently launched BlackBerry Playbook has suffered from lacklustre sales.

At the same time, RIM’s BlackBerry smartphones continue to lose ground in the face of competition from Apple’s iPhone and the rise of Android phones.

The cuts were flagged up by the company in June after the manufacturer posted disappointing results. However, at the time RIM did not specify how many jobs would be cut.

Written by Mobile Today
Mobile Today

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