Today's Hard|Forum Post
Today's Hard|Forum Post

Monday July 25, 2011

RIM Cutting 11 Percent of Workforce

RIM plans on cutting eleven percent of its workforce but, oddly enough, will keep its two CEOs. Kinda makes you wonder how many jobs could be saved if they axed one of the CEOs.

The announcement of 2,000 job cuts on Monday came a month after the Canadian company revealed that it would reduce headcount for the first time in a decade. One analyst said the job cuts were slightly deeper than expected but were key to RIM's recovery from a slump triggered by product delays and intense competition from Apple's iPad and iPhone as well as devices powered by Google's Android software.